The Goods and Services Network (GSTN) issued an advisory on the time limit for e-invoices to be reported on the portal. E-invoices in scope will need to be reported within 7 days from their issuance.
In India, B2B and B2G invoices are subject to mandatory e-invoicing for taxpayers who has an annual turnover of at least Rs 10 Crore. According to this recent advisory, taxpayers with an annual turnover of at least 100 Crores will not be allowed to report invoices older than 7 days on the date of reporting. This new time limit only covers invoices and does not apply to credit and debit notes.
This new 7-days limit is proposed to be implemented as of 1 May 2023.
For further details regarding Indian e-invoicing, you can visit our website.
