GST E-invoicing Reporting Time Limit Increases 30 Days from Earlier 7 Days

From November 1st, 2023 an essential advisory on the new 30 days time limit for the reporting of invoices on the Invoice Registration Portal (IRP) is been issued by the GST e-invoice system that is applied to Annual Aggregate Turnovers (AATO) greater than or equal to 100 crores.

As per the advisory, it mentions that the same provides you with the update that the GST authority has decided to levy a time limit of 30 days for reporting the invoices from the invoice date, on the e-invoice portals. For the assessees, the same time restrictions have been applied with AATO bigger than or equal to 100 cr. therefore in this class of assessee shall not be permitted to report invoices older than 30 days from the reporting date.

The same restriction is been emphasized by the advisory that shall be concerned with all the document sorts that necessitate the building of IRNs (Invoice Reference Numbers). Hence the items reporting such as credit/debit notes should comply with the same 30-day timelimit from their date of issuance. For instance when the invoice has the date of 1st November 2023, then no later than 30th November 2023 the same should get reported.

An update has been released by the GST E-way bill system, reminding GST taxpayers to comply with the incorporation of 6-digit or 4-digit HSN Codes, which will be made compulsory in some time.

The Two-factor Authentication is compulsory for all taxpayers who have an Annual Aggregate Turnover (AATO) of more than 100 crores from 15th July 2023, as updated by the National Informatics Centre.

CBIC Advisory in PDF Format