View All Due Date - IT || Due Date - GST || Due Date - IT || Due Date - IT || Due Date - GST || Due Date - GST || Handling of Inadvertently Rejected records on IMS || Advisory to file pending returns before expiry of three years || Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals || Due Date - IT || Due Date - IT || Due Date - GST || Filing of SPL-01/ SPL-02 where payment made through GSTR 3B and other cases || Advisory on filing of Amnesty applications under Section 128A of the CGST Act || Due Date - GST || System Validation for Filing of Refund Applications on GST Portal for QRMP Taxpayers || Due Date - GST || Order u/s 119(2)(a) of the Income-tax Act,1961 regarding processing of returns filed u/s 139 of the Income-tax Act, 1961 beyond the prescribed time limit || Barring of GST Return on expiry of three years || Advisory regarding non-editable of auto-populated liability in GSTR-3B || Due Date - IT || Due Date - IT || Due Date - IT || Extension of due date for furnishing return of income for the Assessment Year 2025-26 || CBDT extends date of filing of Income Tax Returns (ITRs) due for filing by 31st July 2025 to 15th September 2025 ||

highlights Details

Prakhar Softech Services Ltd.

Advisory: Time Limit for Reporting e-Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above

Nov 5th, 2024

Dear Taxpayers,

1. With reference to the earlier advisory dated 13th September 2023 (Click here), where a time limit of 30 days for reporting e-Invoices on IRP portals for taxpayers with an AATO of 100 crores and above was implemented, the threshold has now been lowered to cover taxpayers with an AATO of 10 crores and above.

2. 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.

3. This restriction would apply to all document types (Invoices/Credit Notes/Debit Notes) for which an IRN is to be generated.

4. For 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.

5. It is further clarified that there would be no such reporting restriction on taxpayers with an AATO of less than 10 crores as of now.

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

For more information click here to subscribe our library

© Copyright 2019. Arvind Mathur & Co. - Chartered Accountants All Rights Reserved.