No input tax credit if e-invoice not uploaded in GST portal within 30 days: New rule soon
The Goods and Services Tax Network (GSTN) has introduced a new rule disallowing upload of e-invoices older than 30 days on the invoice registration portal (IRP) from April 1, 2025, for a large category of GST taxpayers. Under GST law, businesses (suppliers/sellers) with a specified annual aggregate turnover (AATO) need to generate an electronic invoice (e-invoice) and upload it on the IRP portal which enables the buyer to claim input tax credit. Once uploaded an invoice reference number (IRN) and a QR code is generated.
"From 1st April 2025, taxpayers with an AATO of Rs 10 crore and above would not be allowed to report (means upload in portal) e-invoices older than 30 days from the date of reporting on IRP portals. This restriction would apply to all document types (Invoices/Credit Notes/Debit Notes) for which an IRN is to be generated," said GSTN in an advisory dated November 5, 2024.
Currently, this rule applies only to GST taxpayers with an AATO of Rs 100 crore and above. However, from April 1, 2025, it will apply to those with AATO of Rs 10 crore and above i.e. a much much larger number of GST taxpayers.
