Fynamics

GSTN has issued an advisory on reduction of time limit to 30 days for reporting of E-invoices to the IRP portal for taxpayers having AATO 10 Crores and above. This is an extension of the earlier advisory dated 13th September 2023 which was for AATO 100 Crores and above

Therefore, from 1st April 2025, taxpayers with an AATO of 10 crores and above would not be allowed to report e-Invoices older than 30 days from the date of reporting on IRP portals

Below is an example

If an invoice is dated 1st April 2025, it cannot be reported after 30th April 2025. The validation built into the invoice registration portals (IRP) would disallow the user from reporting the e-Invoice after the 30-day window. Hence, it is essential for taxpayers to ensure that they report the e-Invoice within the 30-day window provided by the new time limit.

Furthermore, GSTN has clarified that for now, there would be no such reporting restrictions for taxpayers having AATO below 10 Crores.

To provide sufficient time for taxpayers to comply with this requirement, the above limit would come into effect from 1st April 2025 onwards.

Key Points:

• Starting 01 April 2025, taxpayers having AATO 10 crores and above to report e-invoices on IRP portals within 30 days of document date
• Applicable to Invoices, Credit notes and Debit notes across B2B in-country sales and exports for which e-invoicing is eligible
• Not reporting within 30 days will lead to compliance issues as IRN wont get generated

To view the detailed advisory, click here

For more details, contact your Fynamics RM or visit www.fynamicsgst.in

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