IRN CANCELLATION: ALL ABOUT E-INVOICE CANCELLATION IN DETAIL

IRN Cancellation is possible if it is done within 24 hours of submitting the invoice. In this blog, let us explore how to cancel IRN or the Invoice Reference Number that is already generated for an invoice on the Invoice Registration Portal (IRP).

In October 2020, the Government of India introduced the e-invoice mandate. Currently, the e-invoicing mandate requires all companies with an AATO of over Rs. 10 crores in a financial year to generate e-invoices under GST. They must register their invoices with an IRP like IRIS IRP.

So, what is an IRN? How is it related to the IRP? And what is the process of IRN cancellation? Let us discuss here...

WHAT IS IRN?

 According to the e-invoice mandate, organizations with an AATO of over 10 crores of turnover must register their invoices with the IRP. Once the invoice is uploaded on the portal, the government assigns a unique number to the invoice. This number is called the Invoice Reference Number, or the IRN.

 According to the e-invoice mandate, organizations with an AATO of over 10 crores of turnover must register their invoices with the IRP. Once the invoice is uploaded on the portal, the government assigns a unique number to the invoice. This number is called the Invoice Reference Number, or the IRN.

 An e-invoice under GST, once uploaded on the IRP, is stored on the portal for 24 hours. So, if you wish to cancel your IRN, you must do it within 24 hours. But, why would a business need to cancel their e-invoice?