The Goods and Services Tax Network (GSTN) issued an advisory to postpone implementing the 7-day time limit to report e-invoices and debit/credit notes on the Invoice Registration Portals (IRPs) by 3 months. The originally planned implementation date was May 1, 2023.
The precise date of the implementation has yet to be announced.
👉 Read our detailed blog post on the previous advisory issued by the GSTN.
How Fonoa Can Help
Fonoa empowers companies with a powerful tax automation and compliance solution on a global scale. Our goal is to simplify the entire transactional chain, enabling businesses to thrive in the digital, borderless economy. Seamlessly automate tax determination, mitigate risks, and effortlessly manage local tax compliance, all from a single platform. Our comprehensive suite of key products includes:
- Invoicing: Effortlessly issue tax invoices in locally compliant languages and formats. Customize invoices according to your needs and choose between third-party or self-billing options.
- Reporting: Keep pace with evolving cross-border and local reporting requirements with real-time transaction reporting. Leverage our intuitive Dashboard for unparalleled visibility into global transaction records.
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