Grace period on generation E-Invoices

[gvenugopal g]

Dear Experts,

Good Evening!

If the company's turnover is exceeding ₹ 500 Crore Rupees can generate E-Invoices on the next day or later after issuing regular tax Invoices to customers.

Kindly let us know how many days grace period now granted for issuing E-Invoice after 1st November 2020.

Thanks & Reagrds: G VENUGOPAL

[Shilpi Jain]

There is no specific period mentioned in the law within which the e invoice has to be generated. however where any person is required to issue e invoice, if any other document is issued then it will not be considered as a valid document. In this backdrop it is suggested that the goods be transported with an e invoice.

In case of services some relaxation can be taken

[Ganeshan Kalyani]

The relaxation was given for the time period between 01.10.2020 to 31.10.2020 in the manner that the tax invoice raised in this period should be sent to Invoice Registration Portal (IRP) i.e. e-invoice to be prepared within 30 days from the date of invoice. However, such relaxation is not extended from 01.11.2020. Thus, every tax invoice raised on B2B supplies must have IRN and particularly QR code printed on it. In absence of the same the invoice will be considered as invalid.

[KASTURI SETHI]

Sh.Ganeshan Kalyani Ji,

I am also of the same view.

[Bhavika Chothani]

After 1st November there are no grace days provided by NIC. The rule is that IRN is required before generation of E-Way Bill or before you provide the invoice copy to your customer whichever is earlier.

AI Summary

E invoice compliance requires IRN and QR code for B2B invoices, with no general post transition grace period. From 1 November mandatory e invoicing requires IRN and QR code for B2B tax invoices; invoices without IRN/QR are treated as invalid. A transitional concession permitted submission within 30 days for invoices dated between 1 and 31 October only; that relaxation did not extend beyond 1 November. IRN generation must occur before issuing an e way bill or before supplying the invoice copy to the customer. Limited practical relaxation may apply to services but no general post 1 November grace period is available.