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Time Limit of reporting of Invoice

Dip Narayan (Deputy Manager) (772 Points)

05 February 2024

One Credit Note has been generated on 31st Jan'24. What will be the time limit to report the credit note at NIC portal to get the e_invoice?

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5124 Points)
Replied 05 February 2024

Until 30th April 2023, there has been no time limit fixed by the GST systems or the GST law to generate e-invoices. From 1st May 2023* onwards, taxpayers with Annual Aggregate Turnover (AATO) equal to or more than INR 100 crore must generate e-invoices for tax invoices and credit-debit notes within 7 days of invoice date, failing which such invoices and CDNs will be considered non-compliant.

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Dip Narayan (Deputy Manager) (772 Points)
Replied 05 February 2024

Sir,

Form 1st Nov'23 onwards the time limit has been changed from 7 days to 30 days. But It is not clear from the FAQ whether the tax invoice on the last date will get 30 days or not ! Hence I am raising the question

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 05 February 2024

The 30 days time limit applicable for generating e invoice based on actual invoice/credit/debit notes.

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sabyasachi mukherjee (27574 Points)
Replied 06 February 2024

Time limit of reporting of invoice is limited

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 February 2024

@ My Dear Great Mr Sabyasachi Mukherjee Sir,

What is the limited Sir...??
Is Private Limited or Public Limited Sir...??

Please elaborate My Dear Sir...🙏🙏🙏

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