Newly Introduced E-invoice Rule: Businesses with AATO of Rs.10 Crore and above Must Report E-invoices in 30 Days

The Goods and Services Tax Network (GSTN) has introduced a new rule for e-invoices effective April 1, 2025. Now, taxpayers with an annual aggregate turnover (AATO) of Rs.10 crore and above will have to file e-invoices on the invoice registration portal (IRP) within 30 days from the date of the issuance.

As per the GST Advisory dated 5th November 2024, the threshold for timely reporting of e-invoices on the Invoice Registration Portal (IRP) has been reduced. In the previous advisory, dated 13th September 2023, taxpayers with AATO of 100 crores and above were required to report e-invoices on the invoice registration portal (IRP) within 30 days from the date of the issuance. Now, the limit of the turnover has been reduced to an AATO of 10 crores and above.

This means that from April 1, 2025, taxpayers having an AATO of 10 crores and above will not be allowed to file e-invoices beyond 30 days of reporting on the IRP portal. This rule applies to all types of documents, including invoices, credit notes, and debit notes that require an Invoice Reference Number (IRN).

For instance, if an invoice is dated 1st April 2025, it must be reported to the IRP by 30th April 2025. After these 30 days, the system will not allow the invoice to be reported.

It becomes important for taxpayers to report the e-invoice within 30 days from the date of issuance. There is no such reporting restriction on small taxpayers with an AATO below 10 crore as of now. The rule will come into effect from April 1, 2025, and therefore, businesses have enough time to prepare and comply with this rule.