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Issue ID: 116835
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Grace period on generation E-Invoices

Date 06 Nov 2020
Replies 4 Replies
Views 13742 Views
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. (AI Summary)

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

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