Businesses over turnover over Rs 100 cr cannot report e-invoices older than 30 days from November 1, 2023; All You Need to Know

Businesses with Aggregate Annual
Turnover (AATO) over Rs 100 crore will not be allowed to report e-invoices older than 30 days on the date of reporting under the goods and services tax (GST) from November 01, 2023.

“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,” said an advisory issued by the GST e-invoice systems on Monday.

“This time limit is applicable for taxpayers with AATO greater than or equal to 100 crores,” it added.

Earlier the time limit proposed by the Central Board of Indirect Taxes and Customs (CBIC) was seven days, however it was further relaxed to 30 days taking note of concerns raised by the businesses.

The e-Invoice System is for GST-registered people for uploading all the business-to-business (B2B) invoices to the Invoice Registration Portal (IRP).

The IRP generates and returns a unique Invoice Reference Number (IRN), digitally signed e-invoice and QR code to the user.

The advisory clarified that this restriction will apply to all document types for which IRNs are to be generated, including the Credit, Debit note.