GST e-invoicing rules change 2023: The GSTN had earlier released an advisory on 13th April 2023 communicating the time limits with respect to reporting of invoices on the e-invoice IRP portals.
Currently, all taxpayers whose annual aggregate turnover exceeds Rs 5 crore during any of the preceding financial years from FY 2017-18 onwards are required to undertake e-invoicing by reporting their B2B and export invoices (including debit or credit notes) on the designated Invoice Registration Portals (IRPs).
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The GSTN had earlier released an advisory on 13th April 2023 communicating the time limits with respect to reporting of invoices on the e-invoice IRP portals. As per the said advisory, with effect from 1 May 2023, the taxpayers with PAN-based annual turnover equivalent to or exceeding Rs 100 crore would be restricted from the generation of IRN after 7 days from the date of the document i.e. tax invoice or debit/credit note, as the case may. However, the said imposition of the time limit of Rs 100 crore was deferred by 3 months.
The National Informatics Centre has now introduced an advisory communicating the time limits with respect to reporting of invoices on the e-invoice IRP portals by way of which w.e.f. 1 November 2023 onwards, the taxpayers with PAN-based annual turnover of Rs 100 crore or more 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.
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The taxpayers falling within the said ambit would be required to ensure the timely generation of e-invoices as per the new time limit since the in-built validation system shall not allow the users to report the invoice on the IRPs after the 30-day time frame.
