Home GST GSTN issued Advisory on Time limit for Reporting Invoices on IRP Portal

GSTN issued Advisory on Time limit for Reporting Invoices on IRP Portal

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GSTN issued Advisory on Time limit for Reporting Invoices on IRP Portal

GSTN issued Advisory on Time restrict for Reporting Invoices on IRP Portal

The Items and Companies Tax Community (GSTN) has issued Advisory on Time restrict for Reporting Invoices on IRP Portal.

It’s to tell you that it has been determined by the Authorities to impose a time restrict on reporting outdated invoices on the e-invoice IRP portals for taxpayers with AATO better than 100 crores.

To make sure well timed compliance, taxpayers on this class will likely be prohibited from reporting invoices which are greater than 30 days outdated on the date of reporting.

Please remember the fact that this restriction applies to all doc sorts (invoices/credit score notes/debit notes) for which IRN will likely be generated.

For instance, if an bill has a date of November 1, 2023, it can’t be reported after November 30, 2023. The validation constructed into the bill registration portals will disallow the person from reporting the bill after the 30 days window. Therefore, it’s important for taxpayers to make sure that they report the bill throughout the 30 days window offered by the brand new time restrict.

It’s additional to make clear that there will likely be no such reporting restriction on taxpayers with AATO lower than 100 crores, as of now.

To present taxpayers sufficient time to adjust to this requirement, which can necessitate modifications to your techniques, it’s proposed that or not it’s carried out starting November 1, 2023.

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