The Goods and Services Tax Network (GSTN) has announced a new rule that lowers the reporting threshold for e-invoices to an Aggregate Annual Turnover (AATO) of ₹10 crores (approximately 1,204,000 USD), effective April 1, 2025. This change, detailed in an advisory on November 5, 2024, means that businesses with an AATO of ₹10 crores or more must report e-invoices within 30 days of the invoice date. Previously, only businesses with an AATO of ₹100 crores (approximately 12,040,000 USD) and above were subject to this 30-day limit.
What do you need to know about the E-Invoices in India
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The Goods and Services Tax Network (GSTN) has announced a new rule that lowers the reporting threshold for e-invoices to an Aggregate Annual Turnover (AATO) of ₹10 crores (approximately 1,204,000 USD), effective April 1, 2025. This change, detailed in an advisory on November 5, 2024, means that businesses with an AATO of ₹10 crores or more must report e-invoices within 30 days of the invoice date. Previously, only businesses with an AATO of ₹100 crores (approximately 12,040,000 USD) and above were subject to this 30-day limit.
From April 2025, all types of documents requiring an Invoice Reference Number (IRN), including invoices, credit notes, and debit notes, must be reported within this timeframe. For example, an invoice dated April 1, 2025, must be reported by April 30, 2025. The system will not accept late submissions after the 30-day period. Businesses with an AATO below ₹10 crores are exempt from this requirement.
The earlier advisory from September 13, 2023, established a 30-day reporting limit for e-invoices on the IRP portal for businesses with an Aggregate Annual Turnover (AATO) of ₹100 crores and above. This threshold has now been lowered to ₹10 crores and above.
Starting April 1, 2025, businesses with an AATO of ₹10 crores or more will not be able to report e-invoices that are more than 30 days old. This rule applies to all types of documents, including invoices, credit notes, and debit notes that require an Invoice Reference Number (IRN). For instance, an invoice dated April 1, 2025, must be reported by April 30, 2025. The IRP system will prevent reporting after this 30-day period.
Taxpayers with an AATO below ₹10 crores are currently exempt from this reporting requirement. The new limit will take effect from April 1, 2025, to give businesses adequate time to comply.
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