The 6 Key Steps of LHDN Compliant e-Invoicing Mechanism in Malaysia | GSTHero
Understanding the e-Invoice workflow in Malaysia is crucial for businesses looking to comply with the Inland Revenue Board of Malaysia (IRBM) or LHDN guidelines.
This video provides a detailed overview of the six key steps involved in the e-Invoicing process, ensuring your business operations are smooth and compliant.
Key Steps Covered:
Initiation of Sale: When a sale is made, the supplier creates an e-Invoice and shares it with IRBM via the MyInvois Portal or API.
Real-Time Validation: IRBM validates the e-Invoice in real-time to ensure it meets necessary standards and issues a Unique Identifier Number.
Notification: Both supplier and buyer are informed of the validation status through the MyInvois Portal or API.
Sharing Validated e-Invoice: The supplier shares the validated e-Invoice, embedded with a QR code, with the buyer for easy verification.
Rejection/Cancellation: The buyer can request rejection or the supplier can cancel the e-Invoice within a stipulated period, with justification required.
Transaction Summary: Both parties can obtain a summary of e-Invoice transactions via the MyInvois Portal.
Businesses in Malaysia can choose the most suitable method for transmitting e-Invoices to IRBM, whether through the user-friendly MyInvois Portal for MSMEs or API integration for larger businesses with substantial transaction volumes.
API integration allows direct communication between the ERP system and LHDN's MyInvoice Portal, streamlining the e-Invoicing process by eliminating manual data entry and ensuring flawless data transmission.
Why Choose GST Hero?
GST Hero offers an LHDN-compliant e-Invoicing solution designed to enhance efficiency and provide substantial cost savings. Our solution has been trusted by over 10,000 companies, including industry leaders like Siemens, DSV, Raymond, and Bloomberg. With integration capabilities for over 100 ERPs and a 99.9% uptime guarantee, GST Hero ensures your e-Invoicing process is never disrupted.
Book a demo of GST Hero's LHDN Compliant e-Invoicing Solution today and see how it can transform your business operations.
For more information, contact us at [email protected].
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