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.
EPF Scheme 2026: Can Employers Suddenly Restrict PF Contributions to INR 1,800? A question is currently circulating across HR departments,… Read More
Can an Employer Introduce New Rules After Standing Orders Come Into Force? Many employers believe that once an organization grows,… Read More
Madras High Court on GST Fraud Notices under Section 74 – Key Takeaways The Madras High Court, in Fastenex Private… Read More
ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates & Penalties for Non-Filing Who Must File ITR for Assessment Year… Read More
Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27 The Income Tax Department has introduced… Read More
Digital Personal Data Protection (DPDP) Act, 2023: Complete Compliance Guide, Requirements, Penalties & Implementation Framework The Digital Personal Data Protection… Read More