Special Procedure for Tax Invoices

Notification Issued: Central Government introduces special procedure for tax invoices under CGST Act.

Targeted Businesses: Registered persons not complying with sub-rule (4) of rule 48 of CGST Rules, 2017.

Procedure Overview: From October 1 to October 31, 2020, non-compliant businesses must obtain Invoice Reference Number (IRN) via FORM GST INV-01.

Deadline: Upload specified particulars within 30 days of invoice issuance to avoid invalidation.

Impact of Non-compliance: Invoices without IRN won't be recognized as valid invoices.

Issued By: Pramod Kumar, Director, Government of India.

Compliance Reminder: Affected businesses urged to adhere to new procedure to ensure invoice validity.