Advisory On Generation Of E-Invoices

Restrictions on generating IRN & QR codes while raising e-invoices on IRP Portal(s)

• The Indian Government has recently issued an advisory to impose restrictions on reporting of invoices on the Invoice Registration Portal (IRP) to ensure timely compliance.
• The advisory states that all taxpayers with an aggregate annual turnover greater than or equal to INR 100 crores (INR 1 billion) shall not be allowed to report invoices older than seven days from the date of reporting. For instance, for an invoice dated 1 June 2023, the Invoice Reference Number (IRN) & QR code cannot be generated after 8 June 2023.
• The said restriction is applicable for all types of documents including Debit/Credit Notes for which IRN & QR code is required to be generated.