The Indian tax administration announced that businesses with an annual turnover exceeding INR 10 crores will be required to report e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance.
This new requirement will start from 1 April 2025. The announcement was made in a release published on 5 November 2024.
Previously, this 30-day reporting rule applied only to businesses with turnover above INR 100 crores.
The requirement covers all documents requiring an Invoice Reference Number (IRN), including invoices, credit notes, and debit notes. A validation feature on the IRP will prevent reporting after the 30-day window.
Businesses with annual turnover below INR 10 crores are not affected by this change.
