Quick Summary
Dear Taxpayers, 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 the all document types for which IRN is to be generated. Thus, once issue
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Businesses with an annual turnover of £100 crore or more must report their e-invoices within 7 days of the invoice date.
This mandate applies to taxpayers with an Annual Average Total Turnover (AATO) greater than or equal to £100 crore.
Yes, the 7-day reporting restriction applies to all document types for which an Invoice Reference Number (IRN) is to be generated, including credit and debit notes.
The new e-invoice reporting deadline will be implemented from May 1, 2023.
Currently, taxpayers with an AATO less than £100 crore are not subject to this reporting restriction.
The validation system on the invoice registration portal will disallow reporting of invoices older than 7 days.
CAclubindia
