GST Update: Time Limit for Reporting e-Invoices Reduced to 30 Days – What Businesses Need to Know

New 30-Day Deadline for e-Invoice Reporting

The GST Network (GSTN) has introduced a significant time limit of 30 days for reporting invoices on the e-Invoice Invoice Registration Portal (IRP). This change applies to all taxpayers who are required to generate e-invoices under GST.

Previously, businesses could generate e-invoices at any time, but with this new rule, invoices must be reported within 30 days of issuance, effective from April 1, 2025.

Why This Change?

• Ensures timely compliance: Businesses will no longer be able to delay e-invoice reporting.
• Reduces tax fraud: Helps prevent backdated invoice generation and misuse of input tax credit (ITC).
• Enhances real-time tracking: The government can monitor transactions more efficiently.

Who is Affected?

• All taxpayers who must generate e-invoices (turnover above ₹5 crore).
• Businesses issuing large volumes of invoices and relying on ITC benefits.
• Entities dealing in B2B transactions requiring e-invoicing compliance.

How to Stay Compliant

1. Ensure invoices are reported within 30 days of their issue date.
2. Update ERP/accounting software to integrate real-time e-invoice generation.
3. Monitor invoice issuance dates to avoid missing deadlines and facing penalties.

Penalties for Non-Compliance

• Failure to report invoices on time can lead to denial of ITC claims.
• Businesses may face penalties under Section 122 of the CGST Act.

Conclusion

The new 30-day e-invoice reporting rule ensures real-time GST compliance and prevents fraud. Businesses must adapt quickly to avoid penalties and ensure a seamless ITC claim process.

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