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  2. Feb 7, 2024 · e-Invoice Generation Time Limit: Time limit to report invoices or CDN to IRP is 7 days from invoice or credit-debit notes. Learn more about this rule, who should comply, start date, how to comply and more.

    • What is e-Invoicing under GST? ‘e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal.
    • To whom is e-Invoicing applicable? e-Invoicing has been made applicable from 1st October 2020 to all businesses whose aggregate turnover has exceeded Rs.500 crore limit in any of the preceding financial years from 2017-18 to 2019-20.
    • What is the current system in place for issuing invoices? Currently, businesses generate invoices through various softwares, and the details of these invoices are manually uploaded in the GSTR-1 return.
    • How will Electronic invoicing benefit businesses? Businesses will have the following benefits by using e-invoice initiated by GSTN: E-invoice resolves and plugs a major gap in data reconciliation under GST to reduce mismatch errors.
  3. Sep 16, 2023 · Learn about the new rule that requires taxpayers with over Rs. 100 crore turnover to issue e-invoices within 30 days and use two-factor authentication. This article explains the impact and rationale of these changes on the GST regime in India.

  4. May 30, 2024 · e-Invoice 5 crore notification 10/2023 was issued on 10th May 2023 amending the earlier notification No. 13/2020 – Central Tax issued on 21st March 2020. Accordingly, GST e-invoice limit for turnover more than Rs.5 crore in any financial year from 2017-18, applies from 1st August 2023.

  5. Taxpayers with AATO greater than or equal to 100 crores have to report invoices within 30 days from date of invoice on e-invoice portals. This restriction will apply to all document types and will come into effect from 1st Nov, 2023.

  6. Apr 14, 2023 · The time limit will apply to e-invoicing-eligible businesses with a turnover of Rs.100 crore or more from 1st May 2023. How did taxpayers generate e-invoices until now? e-Invoice generation has typically involved the creation of invoices on the taxpayer’s own accounting or ERP system and then uploading of the same to the IRP for authentication.

  7. Taxpayers with AATO greater than or equal to 100 crores will not be allowed to report invoices older than 7 days on the e-invoice IRP portals from 01.05.2023. This restriction does not apply to taxpayers with AATO less than 100 crores, as of now.