Streamlining E-Invoice Reporting for Business over 100 Cr. Turnover

With an objective to curb frauds and fictitious input credit claims, as well as to achieve enhanced automation through inter-operability and integration; the Government of India introduced the concept of E-invoicing under GST. E-invoicing under GST has been implemented in a phased manner on the basis of taxpayers fulfilling the notified aggregate turnover criteria.

The National Informatics Centre has now introduced an advisory communicating the time-limits with respect to reporting of the invoices on the E-invoice IRP portals. As such, w.e.f. 1 November 2023 onwards, the taxpayers with PAN based annual turnover equivalent to or exceeding INR 100 crores would not be permitted to generate IRN after 30 days from the date of the document i.e. tax invoice or debit/credit note, as the case may be.

Please find our attached Newsflash on the said topic for your ready reference.

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