The Goods and Services Tax Network (GSTN) has released an updated advisory with regard to reporting of Goods and Services Tax (GST) Invoices on the Invoice Reporting Portal. The updated advisory makes it compulsory to report within 7 days, all document types for which IRN is to be generated. Thus, once issued, the Credit/Debit note will also have to be reported within 7 days of issue.
Earlier, in the advisory dated 12.04.2023, the GSTN had stated that, “Please note that this restriction will only apply to the document type invoice, and there will be no time restriction on reporting debit/credit notes.” This is now overridden by the updated advisory released by the Goods and Services Tax Network yesterday.
The updated advisory released on 13.04.2023 stated that: –
“1. It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores.
2. To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting.
3. Please note that this restriction will apply to all document types for which IRN is to be generated. Thus, once issued, the credit / Debit note will also have to be reported within 7 days of issue.
4. For example, if an invoice has a date of April 1, 2023, it cannot be reported after April 8, 2023. The validation system built into the invoice registration portal will disallow the user from reporting the invoice after the 7-day window. Hence, it is essential for taxpayers to ensure that they report the invoice within the 7-day window provided by the new time limit.
5. It is further to clarify that there will be no such reporting restriction on taxpayers with AATO less than 100 crores, as of now.
6. In order to provide sufficient time for taxpayers to comply with this requirement, which may require changes to your systems, we propose to implement it from 01.05.2023 onwards.”
The implementation date is proposed to be from 01.05.2023.
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