What’s changing? From April 1, 2025, businesses with an AATO of ₹10 crore and above must upload e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance. This rule was previously applicable only to businesses with an AATO of ₹100 crore or more. Now, a much larger group of businesses must comply with the stricter deadline.
What’s changing? From April 1, 2025, businesses with an AATO of ₹10 crore and above must upload e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance. This rule was previously applicable only to businesses with an AATO of ₹100 crore or more. Now, a much larger group of businesses must comply with the stricter deadline.
What’s the current rule? Currently, businesses generate e-invoices but do not face a strict upload deadline. Some companies delay invoice reporting, creating discrepancies in input tax credit (ITC) claims and overall tax compliance. Until now, businesses with turnover below ₹100 crore were not required to adhere to a 30-day upload window.
Impact on businesses stricter compliance: The new rule ensures real-time invoice tracking, reducing errors and fraudulent claims. Input Tax Credit (ITC) Challenges: If an invoice isn’t uploaded within 30 days, it becomes invalid for ITC claims, directly affecting working capital for businesses. Penalties & Rejections: Late submissions will be automatically rejected by the IRP, leading to potential penalties and financial setbacks. Operational Adjustments: Businesses must streamline their billing and invoicing processes to meet the new deadlines, requiring software updates and internal training.
According to experts, these changes aim to enhance security and compliance, but they also add complexity. Businesses should update their systems and train employees to navigate the new requirements. The government is targeting outdated invoices and compliance gaps. Businesses must now ensure faster GST return filings and adhere to the strict e-invoicing norms.
