New GST E-Invoice Rule: Mandatory 30-Day Reporting for Businesses with Rs. 10 Crore Turnover

• New E-Invoicing Requirement: Starting April 1, 2025, all businesses with an Annual Aggregate Turnover (AATO) of Rs. 10 crore and above must report e-invoices to the Invoice Registration Portal (IRP) within 30 days of generation, significantly lowering the previous threshold of Rs. 100 crore.
• Consequences of Non-Compliance: Invoices not submitted within the 30-day window will be automatically rejected by the IRP, and any unreported invoices will become invalid for Input Tax Credit (ITC) claims, impacting both suppliers and buyers.
• Steps for Compliance: To adapt to the new rule, businesses should automate alerts for timely reporting, ensure real-time syncing with IRP systems, and train staff on the updated e-invoicing guidelines to avoid regulatory issues.

Source: jurishour.in

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• See also
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Collection of E-Invoicing Guides – Worldwide – VATupdate
• • Briefing / Comprehensive Guides (incl. podcasts)

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

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