Home GST GST E-invoicing Reporting Time Limit Increases 30 Days from Earlier 7 Days

GST E-invoicing Reporting Time Limit Increases 30 Days from Earlier 7 Days

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GST E-invoicing Reporting Time Limit Increases 30 Days from Earlier 7 Days

New Advisory for GST E-invoice Reporting Time Limit on IRP Portal

From November 1st, 2023 an important advisory on the brand new 30 days time restrict for the reporting of invoices on the Bill Registration Portal (IRP) is been issued by the GST e-invoice system that’s utilized to Annual Combination Turnovers (AATO) better than or equal to 100 crores.

As per the advisory, it mentions that the identical offers you with the replace that the GST authority has determined to levy a time restrict of 30 days for reporting the invoices from the bill date, on the e-invoice portals. For the assessees, the identical time restrictions have been utilized with AATO larger than or equal to 100 cr. due to this fact on this class of assessee shall not be permitted to report invoices older than 30 days from the reporting date.

The identical restriction is been emphasised by the advisory that shall be involved with all of the doc types that necessitate the constructing of IRNs (Bill Reference Numbers). Therefore the gadgets reporting similar to credit score/debit notes ought to adjust to the identical 30-day timelimit from their date of issuance. For example when the bill has the date of 1st November 2023, then no later than thirtieth November 2023 the identical ought to get reported.

An replace has been launched by the GST E-way invoice system, reminding GST taxpayers to adjust to the incorporation of 6-digit or 4-digit HSN Codes, which shall be made obligatory in a while.

The Two-factor Authentication is obligatory for all taxpayers who’ve an Annual Combination Turnover (AATO) of greater than 100 crores from fifteenth July 2023, as up to date by the Nationwide Informatics Centre.

CBIC Advisory in PDF Format

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