One Credit Note has been generated on 31st Jan'24. What will be the time limit to report the credit note at NIC portal to get the e_invoice?
Dip Narayan (Deputy Manager) (767 Points)
05 February 2024One Credit Note has been generated on 31st Jan'24. What will be the time limit to report the credit note at NIC portal to get the e_invoice?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3303 Points)
Replied 05 February 2024
Until 30th April 2023, there has been no time limit fixed by the GST systems or the GST law to generate e-invoices. From 1st May 2023* onwards, taxpayers with Annual Aggregate Turnover (AATO) equal to or more than INR 100 crore must generate e-invoices for tax invoices and credit-debit notes within 7 days of invoice date, failing which such invoices and CDNs will be considered non-compliant.
Dip Narayan
(Deputy Manager)
(767 Points)
Replied 05 February 2024
Sir,
Form 1st Nov'23 onwards the time limit has been changed from 7 days to 30 days. But It is not clear from the FAQ whether the tax invoice on the last date will get 30 days or not ! Hence I am raising the question
RAJA P M
("Do the Right Thing...!!!")
(127171 Points)
Replied 05 February 2024
sabyasachi mukherjee
(26067 Points)
Replied 06 February 2024
RAJA P M
("Do the Right Thing...!!!")
(127171 Points)
Replied 06 February 2024
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