Introduction: In a move to streamline and regulate the reporting of invoices on e-invoice portals, the GST Authority has introduced a significant change that directly impacts taxpayers, especially those with an Aggregate Annual Turnover (AATO) of equal to or greater than 100 crores. Effective from November 1, 2023, taxpayers falling within this category will be subject to a strict 30-day time limit for reporting invoices from the date of the invoice itself. This advisory aims to provide clarity on this new development and its implications for taxpayers.

Introduction: In a move to streamline and regulate the reporting of invoices on e-invoice portals, the GST Authority has introduced a significant change that directly impacts taxpayers, especially those with an Aggregate Annual Turnover (AATO) of equal to or greater than 100 crores. Effective from November 1, 2023, taxpayers falling within this category will be subject to a strict 30-day time limit for reporting invoices from the date of the invoice itself. This advisory aims to provide clarity on this new development and its implications for taxpayers.

Detailed Analysis: New Time Limit for Reporting Invoices

1. AATO Threshold: The new time limit for reporting invoices is specifically targeted at taxpayers with an AATO of 100 crores or more. This means that businesses falling below this threshold will not be subject to this restriction.
2. 30-Day Reporting Window: Under this new directive, taxpayers meeting the AATO criterion must report all invoices, regardless of their document type, within 30 days from the date of the invoice. This includes invoices, credit notes, debit notes, and other relevant documents for which Invoice Reference Numbers (IRNs) are generated.
3. Strict Enforcement: It's crucial for taxpayers to understand that this time limit will be strictly enforced. In practical terms, if an invoice has a date of issuance on, for instance, November 1, 2023, it cannot be reported after November 30, 2023. Failure to comply with this time limit may result in penalties and non-compliance issues.
4. Effective Date: The enforcement of this new validation will begin on November 1, 2023. From this date onward, taxpayers meeting the AATO criteria will be required to adhere to the 30-day reporting window for all invoices and related documents.

Conclusion:

The introduction of a 30-day time limit for reporting invoices on e-invoice portals represents a significant change in the GST compliance landscape, particularly for taxpayers with an AATO of 100 crores or more. This move is aimed at enhancing transparency and efficiency in the reporting process, ensuring that invoices are reported in a timely manner.

Taxpayers falling within the specified AATO bracket should take careful note of this development and make the necessary adjustments to their internal processes to meet the reporting deadline. Failing to comply with this new time limit may result in penalties and compliance issues.

As the enforcement date of November 1, 2023, approaches, it is essential for affected taxpayers to stay informed and ensure that their reporting practices align with this new regulation to avoid any potential repercussions. This advisory serves as a reminder of the impending change and its importance in maintaining GST compliance.

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National Informatics Centre

Advisory on NEW Time limit for Reporting of Invoices on the IRP Portal

Dear Taxpayers,

It is to update you that it has been decided by the GST Authority to impose a time limit of 30 days for reporting of invoices from date of invoice, on e-invoice
portals. This time limit is applicable for taxpayers with AATO greater than or equal to 100 crores. Hence, the taxpayers in this category will not be allowed to report invoices older than 30 days on the date of reporting

Please note that this restriction will apply to the all document types for which IRNs are to be generated. Thus, the Credit / Debit note will also have to be reported within 30 days of issue from date of issue. For example, if an invoice has a date of Nov. 1, 2023, it cannot be reported after Nov. 30, 2023.