30-Day Time Limit For Reporting Invoices on E-Invoice Portal Effective From November 1st
This time limit is applicable to taxpayers with an Aggregate Annual Turnover (AATO) of 100 crores or more. Consequently, taxpayers falling into this category will not be able to record invoices that are older than 30 days on the day of reporting.
- #30-Day Time Limit
- # Reporting Invoices
- # E-Invoice Portal
- # Effective Date
- # November 1st
- # Invoicing Compliance
- #article
- # news
- # notifications
- # finance
- # legal
- # tax updates
- # myitronline
- # itr
- # filing now with myitronline
- # free itr filing
- # tax save itr filing
- # maximum tax save
- # best itr services
- # best itr filing
30-Day Time Limit For Reporting Invoices on E-Invoice Portal Effective From November 1st
New 30-Day Time Limit for Reporting Invoices on E-Invoice Portal Starting from November 1st
The National Informatics Centre has issued an advisory regarding a new time limit for reporting invoices on the IRP Portal.
The GST Authority has established a 30-day time limit for reporting invoices on the e-invoice portal, starting from the invoice date.
This time limit is applicable to taxpayers with an Aggregate Annual Turnover (AATO) of 100 crores or more. Consequently, taxpayers falling into this category will not be able to record invoices that are older than 30 days on the day of reporting.
It's important to note that this restriction applies to all document types for which Invoice Reference Numbers (IRNs) need to be generated. This means that Credit/Debit notes must also be reported within 30 days from the date of issue. For instance, if an invoice is dated November 1, 2023, it cannot be reported after November 30, 2023.
This validation rule will be implemented starting from November 1st, 2023.
Also Read: AI Notice Mitra: Simplifying Income Tax Notices with Notice Mitra
FILING YOUR INCOME TAX RETURN F.Y 2022-23 (A.Y. 2023-2024) WITH MYITRONLINE
Income tax filing deadline is right around the corner. If you haven’t filed yet, do it now for FREE on Myitronline! Avoid last minute rush and file your tax return today on MYITRONLINE in Just 5 mins.(www.myitronline.com)
If you are looking for eCA assistance to file your income tax return/ GST, you can opt for MYITRONLINE eCA assisted plan starting
Upload Salary Individual Form-16
If you have any questions with filing your tax return, please reply to this mail. info@myitronline.com OR call 9971055886.
Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at marketing@myitronline.com
Krishna Gopal Varshney
An editor at MyitronlinenewsKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.