- The Goods and Services Tax Network (GSTN) in India has announced a new rule for e-invoices.
- Effective April 1, 2025, the reporting threshold for e-invoices is lowered to an Aggregate Annual Turnover (AATO) of ₹10 crores (approximately 1,204,000 USD).
- Businesses with an AATO of ₹10 crores or more must report e-invoices within 30 days of the invoice date.
- Previously, only businesses with an AATO of ₹100 crores (approximately 12,040,000 USD) were subject to this 30-day reporting limit.
- All documents requiring an Invoice Reference Number (IRN), including invoices, credit notes, and debit notes, must be reported within the 30-day timeframe.
- Late submissions will not be accepted after the 30-day period.
- Businesses with an AATO below ₹10 crores are exempt from this reporting requirement.
- The change aims to provide businesses adequate time to comply with the new regulations.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Key Outcomes from the 56th GST Council Meeting
- GST Success Hinges on Single Tax Rate, Report Recommends Two Slabs and Capped Peak Rate
- Uncertainty in GST Treatment for Ride-Hailing Platforms: Legal Challenges and Implications
- 56th GST Council meeting is scheduled for September 3rd and 4th, 2025
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits
