05.02.23

New time limit to report e-invoices to the IRP

The Indian government requires mandatory e-invoicing for taxpayers with an annual aggregate turnover (AATO) above Rs 10 crore for both B2B and B2G invoices. Currently, there is no restriction on when e-invoices should be reported to the IRP. E-invoices are typically generated in real-time by large enterprises in India, while smaller businesses may consolidate and generate e-invoices in bulk at a later time. 

GSTN’s latest advisory suggests that this may change. According to the advisory, taxpayers with an annual aggregate turnover above Rs. 100 crores will need to report the e-invoice within seven days of issuance. This restriction will only apply to invoices, and there will be no time restriction on reporting debit/credit notes. It is proposed to implement the new seven-day limit on 1 May 2023