The GST Authority’s advisory, issued on Monday, establishes a 30-day reporting deadline for invoices on e-invoice portals.

Let’s learn this crucial update for you in detail.

New GST e-invoice reporting rule for businesses with AATO 100 Crore +  

The GST e-invoice system has made a new rule, starting from November 1, 2023.

It says that if you’re a big business with an AATO of 100 crores or more, you must report your invoices within 30 days from the date they were issued.

GST e-invoice reporting rule relaxation

Earlier, the GST E-Invoice Reporting rule was stricter.

You had to report invoices within 7 days.

Read about it here: Strict Deadline issued for Timely Reporting of GST e-Invoices

But now it is decided to give businesses more time because of their concerns.

So, it is important for you to note that you can’t report invoices that are older than 30 days from the date they were issued.

This rule applies to all types of documents that need IRNs (Invoice Reference Numbers), including Credit and Debit notes.

This new rule will start on November 1, 2023.

Source: National Informatics Centre Advisory on NEW Time limit for Reporting of Invoices on the IRP Portal 

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How can you make your e-invoice reporting process easier and quicker?

You can make your e-invoice reporting process easier and quicker through generating e-invoices on Instabill.

With this user-friendly tool, you can instantly generate invoices, effortlessly send them to customers via email and WhatsApp, and even automate payment reminders to ensure early payments.

Instabill not only saves you valuable time but also reduces expenses related to accountant salaries.

Experience the convenience of Instabill for quicker and more efficient e-invoice reporting today.

Know more at: 

Strict Deadline issued for Timely Reporting of GST e-Invoices

Moreover, If you want any other guidance relating to 100 Cr+ businesses must report e-invoice within 30 days, please feel free to talk to our business advisors at 8881-069-069.

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