GST News & Updates || GSTN Issued Updated Advisory on Time Limit for Reporting Invoices on the IRP Portal

It is to inform taxpayers that it has been decided by the Government to impose a time limit on reporting old invoices on the e-Invoice IRP portals for taxpayers with AATO (Aggregate Annual Turnover) Rs.100 crores.

To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days from the date of reporting.

Please note that this restriction will apply to all document types for which IRN is to be generated. Thus, once issued, the Credit/Debit Note will also have to be reported within 7 days of issue.

For example, if an Invoice has a date of April 1st 2023, it cannot be reported after April 8th 2023. The validation system built into the invoice registration portal will disallow the user from reporting the invoice after the 7-day window. Hence, it is essential for taxpayers to ensure that they report the invoice within the 7-day window provided by the new time limit.

It is further to clarify that there will be no such reporting restriction on taxpayers with AATO (Aggregate Annual Turnover)  Rs.100 crores, as of now.

In order to provide sufficient time for taxpayers to comply with this requirement, which may require changes to your systems, GSTN proposes to implement it from May 1st 2023 onwards.

The Advisory can be accessed at Click Here

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