Categories: Others

Time Limit Imposed for Invoice Reporting on IRP Portal

Time Limit Imposed for Invoice Reporting on IRP Portal

The Government has imposed a time limit on reporting of old invoices on the IRP portal. This applies to individuals who have an Aggregate Annual Turnover equal to or exceeding 100 crores. Such taxpayers will not be allowed to report invoices that have exceeded 7 days on the date of reporting.

For instance, if an invoice was generated on April 12, 2023, you will no longer be able to report it after April 19, 2023 (after 7 days).

Other Important Details to Consider:

1.The time limit has been imposed only on E-Invoice. Reporting Debit/Credit notes shall remain unaffected.

2. For now, this time limit restriction does not apply to taxpayers with AATO less than 100 crores.

3. The time limit restriction shall become effective from May 1, 2023.

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Recent Posts

ITR-6 and ITR-7 Return filing schemas Utilities Update

Income Tax Return (ITR) Utilities for ITR-6 and ITR-7 Return filing schemas Update Tax Dept has now made the ITR-6… Read More

8 hours ago

Can Digital Transactions Trigger an Income Tax Notice?

Can Digital Transactions Trigger an Income Tax Notice? For many years, taxpayers believed that income tax scrutiny was largely limited… Read More

5 days ago

Can Income Tax Attach a RP’s Personal Bank A/c Under IBC?

Can Income Tax Attach a Resolution Professional's Personal Bank Account Under the IBC? Based on the facts stated by you,… Read More

6 days ago

India’s Tax & Advisory Industry Is More Than Just the Big 4

India’s Tax & Advisory Industry Is More Than Just the Big 4 When people discuss careers in taxation, audit, and… Read More

1 week ago

GST treatment of Corporate Guarantees Between related party

GST treatment of Corporate Guarantees Between related party summarizes an important Gujarat High Court judgment in Torrent Investment Pvt. Ltd.… Read More

1 week ago

FAST-DS 2026: Eligibility, Tax Payment, Forms, & Deadlines

FAST-DS 2026: Foreign Assets Disclosure Scheme for Small Taxpayers – Key Highlights The CBDT has introduced FAST-DS 2026 (Foreign Assets… Read More

1 week ago
Call Us Enquire Now