India:
Key Highlights Of GST Notification And Clarification Circulars In April 2023
16 May 2023
Nexdigm Private Limited
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Technical Updates
Advisory: Time limit for Reporting Invoices
on the IRP Portal
The taxpayer whose aggregate turnover is INR 1 billion or more
is required to generate IRN at the E-Invoice portal for all the
eligible document type such as Invoice/Debit Note/Credit Note
within seven days from the date of issuance of invoice.
Advisory on Bank Account
Validation
The functionality for bank account validation is now integrated
with the GST System to ensure that the bank account provided is
correct. Once validation is informed, the communication shall be
received on the registered email and mobile number.
New facility to verify document Reference
Number (RFN) mentioned on offline communications issued by State
GST authorities
To enable the taxpayers to ascertain whether an offline
communication was indeed sent by the State GST tax officer or not,
RFN is under development. Once deployed, there shall be a pre-login
and a post-login option to confirm the document's details.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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