Answer

1. F

   Facts

   An invoice issued without IRN is not valid under Rule 48(5). Not issuing a valid invoice can attract penalty under Sec 122, the higher of ₹10,000 or the tax involved, and procedural failures can attract general penalty up to ₹25,000 under Sec 125. Goods moving with such invoices may also be detained.

2. P

   Provisions and law

   • Sec 122, CGST Act 2017Penalties for offences such as invoices without supply and wrong ITC
   • Sec 125, CGST Act 2017General penalty up to ₹25,000 where no separate penalty is given
   • Rule 48(5), CGST Rules 2017An invoice issued without following Rule 48(4) is not a valid invoice
3. A

   Analysis

   Penalty exposure is per invoice, so a month of missed IRNs can be serious. The more immediate cost is commercial: buyers withhold GST and may stop orders. If you find a lapse, correct it quickly and keep records of the corrective steps.

4. C

   Conclusion

   1. 1Audit a month of invoices for IRN
   2. 2Fix any lapse through IRP reporting or credit notes and reissue
   3. 3Document the correction
   4. 4Train billing staff and lock the billing system

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.