30-Day Time Limit For Reporting Invoices on E-Invoice Portal Effective From November 1st
This time limit is applicable to taxpayers with an Aggregate Annual Turnover (AATO) of 100 crores or more. Consequently, taxpayers falling into this category will not be able to record invoices that are older than 30 days on the day of reporting.
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30-Day Time Limit For Reporting Invoices on E-Invoice Portal Effective From November 1st
New 30-Day Time Limit for Reporting Invoices on E-Invoice Portal Starting from November 1st
The National Informatics Centre has issued an advisory regarding a new time limit for reporting invoices on the IRP Portal.
The GST Authority has established a 30-day time limit for reporting invoices on the e-invoice portal, starting from the invoice date.
This time limit is applicable to taxpayers with an Aggregate Annual Turnover (AATO) of 100 crores or more. Consequently, taxpayers falling into this category will not be able to record invoices that are older than 30 days on the day of reporting.
It's important to note that this restriction applies to all document types for which Invoice Reference Numbers (IRNs) need to be generated. This means that Credit/Debit notes must also be reported within 30 days from the date of issue. For instance, if an invoice is dated November 1, 2023, it cannot be reported after November 30, 2023.
This validation rule will be implemented starting from November 1st, 2023.
Also Read: AI Notice Mitra: Simplifying Income Tax Notices with Notice Mitra
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Krishna Gopal Varshney
An editor at MyitronlinenewsKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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