Dear Sir,
is there any time limit for pushing invoice to IRP for a 10cr TO service company. The company is raising invoice on a daily basis & sends it to clients for confirmation. Once the client confirms then it will be pushed to IRP. So all the invoices raised in Nov month will be pushed on10th of December i.e before filing of GSTR-1. Is this the right way. Pls advice. Thank you.
E Invoice Time Limit for 10Cr Service Company
gururaj Bhat
Service Companies with Over 100 Crore Turnover Must Report Invoices Within 30 Days to Avoid Penalties A discussion on a forum addressed the time limit for generating Invoice Reference Numbers (IRN) for a service company with a turnover of 10 crore. The company raises invoices daily and seeks advice on whether pushing invoices to the Invoice Registration Portal (IRP) before filing GSTR-1 is appropriate. Responses highlighted that while there is no specific advisory for companies with a turnover below 100 crore, for those above 100 crore, a 30-day limit exists for reporting invoices. It was advised to generate e-invoices promptly to avoid penalties and ensure compliance during goods movement. (AI Summary)