The Goods and Services Tax Network (GSTN) has announced a significant change in e-invoice reporting requirements, lowering the annual aggregate turnover (AATO) threshold for the 30-day reporting time limit from 100 crores to 10 crores. Effective from April 1, 2025, taxpayers with an AATO of 10 crores or more must report their e-invoices on the Invoice Registration Portal (IRP) within 30 days of issuance.
Key Points of the New Reporting Requirement
- Expanded Scope: Previously, the 30-day e-invoice reporting limit applied to taxpayers with an AATO of 100 crores or more. The new rule brings taxpayers with an AATO of 10 crores and above within this requirement.
- 30-Day Time Limit: Starting April 1, 2025, invoices, credit notes, and debit notes dated after this date cannot be reported on the IRP if they are older than 30 days. For instance, an invoice dated April 1, 2025, must be reported no later than April 30, 2025. Any e-invoice submitted after this period will be rejected by the system.
- Exemptions for Lower AATO: Taxpayers with an AATO below 10 crores remain unaffected by this new restriction and can continue reporting e-invoices without the 30-day limit.
This change is intended to streamline and improve compliance with GST requirements, allowing adequate time for affected businesses to prepare.
Taxpayers are encouraged to review their e-invoice reporting practices to align with the updated guidelines by April 1, 2025.
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