Page Contents
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).
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.
Capital Gains Tax Filing Checklist for FY 2025–26 What is a capital gain? Capital gain arises when you sell an… Read More
Understanding the Transition: Old vs New under Social Security Code, 2020 India’s labour law framework has undergone a major… Read More
2026 Guide : NRIs Sending Money to Parents or Family in India What NRIs Must Know About Taxes when Sending… Read More
Businesses can no longer afford “approximate compliance.” From 1 May 2026, Goods and Services Tax compliance has evolved into a… Read More
Salaried Employees: Big Income Tax Changes Coming from April 2026! India’s upcoming I. Tax Act, 2025, is set to bring… Read More
FCRA Amendment Bill 2026: Key Changes, Impact, and Compliance Guide The Foreign Contribution (Regulation) Amendment Bill, 2026, introduced on 25… Read More