Businesses whose turnover is ₹100 crore and above will now have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoice with effect from May 1, GST Network has said.
Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective of the date of issue of such invoice.
While issuing an advisory to the taxpayers, GST Network (GSTN) said the government has decided to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with aggregate annual turnover greater than or equal to ₹100 crore.
Source a2ztaxcorp
