GST News: GSTN has issued revised advisory to apply restriction to all document types for which IRN is to be generated - Once issued, Credit / Debit note will also have to be reported within 7 days of issue [Advisory attached]


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14-Apr-2023 10:52:15
Key Pointers:
- To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting.
- The restriction will apply to the all document types for which IRN is to be generated. Thus, once issued, the credit / Debit note will also have to be reported within 7 days of issue, in addition to invoice.
- In order to provide sufficient time for taxpayers to comply with this requirement, which may require changes to your systems, we propose to implement it from 01.05.2023 onwards.
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