New 30-Day E-Invoice Rule Upload on GST Portal! If AATO> 10CR may be applicable from 1/4/2025
Rule Highlights:
1. 
30-Day E-Invoice Rule Upload Deadline
Businesses must upload their e-invoices to the GST portal within 30 days from the date the invoice is issued.
Example: If an invoice is generated on 1st November, it should be uploaded by 30th November to stay compliant.
2. 
ITC Denial for Late Uploads
If the supplier fails to upload the e-invoice within 30 days, the recipient may lose the right to claim Input Tax Credit (ITC) for that invoice.
This makes it crucial for both suppliers and recipients to monitor e-invoice submissions to prevent ITC issues.
3. Purpose of the Rule
Timely Compliance: This rule is designed to ensure e-invoices are reported promptly, streamlining the ITC process and minimizing discrepancies in monthly returns.
Tax Evasion Check: By requiring faster uploads, the GST system aims to reduce delayed reporting and prevent potential tax evasion practices.
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