The Goods and Services Tax Network (GSTN) recently issued an advisory on April 12, 2023, regarding the time limit for reporting invoices on the e-invoice IRP portals. This advisory has decided to impose a time limit of 7 days on reporting old invoices on the e-invoice IRP portals for taxpayers with Aggregate Annual Turnover (AATO) greater than or equal to 100 crores. Else Penalty will be imposed as follows:

On incorrect invoicing – Rs. 25,000 per invoice (for lack of IRN and signed QR code)
On non-generation of e-invoice – 100% of the tax due or Rs.10,000, whichever is higher, for every invoice.

This article will discuss the implications of the GSTN advisory and the steps that taxpayers can take to ensure compliance.

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