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e-invoice systems: Businesses over turnover over Rs 100 cr cannot report e–invoices older than 30 days from Nov 1

Businesses in India with an aggregate annual turnover of over Rs 100 crore will now have a time limit of 30 days to report e-invoices under the goods and services tax (GST) system. This decision by the GST Authority amends the previous proposal of a seven-day time limit, taking into account concerns raised by businesses.

e-invoice systems: Businesses over turnover over Rs 100 cr cannot report e –invoices older than 30 days from Nov 1

Businesses in India with an aggregate annual turnover of over Rs 100 crore will now have a time limit of 30 days to report e-invoices under the goods and services tax (GST) system. This decision by the GST Authority amends the previous proposal of a seven-day time limit, taking into account concerns raised by businesses.

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