Currently, only businesses with an annual turnover of ₹5 crore and above are required to generate e-invoices. Over the years, the GST Council has gradually reduced this limit to expand compliance and improve tax transparency. Understand the significance of e -invoicing, its implementation, prerequisites, and FAQs. Learn how to generate e - invoices , its benefits, and clarifications to avoid penalties.... Advisory: Time Limit for Reporting e - Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above 2. 3. for which an IRN is to be generated. 4. Important Highlights: Mandatory E - Invoice Reporting: Businesses with an AATO of Rs. 10 crore and above must upload their invoices , credit notes, and debit notes to the IRP within 30 days. Automated Compliance Checks: The IRP system will automatically reject invoices that exceed the 30-day submission window. Impact on Input Tax Credit (ITC): Unreported invoices beyond 30 days become invalid for ITC claims, affecting suppliers and buyers. Applicable Turnover Limit : The rule applies to ...
