The e-invoicing implementation is set to roll from 1st October 2022 for companies with a turnover Rs. 10 crores and above. IRIS is now an official Invoice Registration Portal (IRP), you can get yourself registered right away if you have newly come under the e-invoicing mandate. Check out...
“(4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37, shall not exceed 20 per cent. of the eligible credit available in respect of invoices ...