Goods and Services Tax – Started By: – MUNIRAJ SRINIVASAN – Dated:- 23-3-2018 Last Replied Date:- 9-4-2018 – Dear Sir,My client has raised Tax invoice before 31st Mach 2018 but material has to dispatch after ist April 2018 what is legal provision for this transaction – Reply By Rajagopalan Ranganathan – The Reply = Sir, As per rule 46 (b) of CGST Rules, 2017 an invoice issued by a taxable person has to have a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolised as – and / respectively, and any combination thereof, unique for a financial year; Therefore if the invoice is raised before 31.3.2018 and goods are removed o
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are invited to comment after considering the following Time of supply of goods As per section 31 of the CGST Act, 2017 an invoice for supply of goods needs to be issued before or at the time of removal of goods for supply to the recipient where the supply involves movement of goods. However, in other cases, invoice needs to be issued before or at the time of delivery of goods or making available goods to the recipient. Supply of goods shall be earliest of the following dates:- Date of issue of invoice by the supplier. If invoice is not issued, then the last date on which supplier is legally bound to issue the invoice with respect to the supply. Date on which supplier receives the payment. – Reply By Ganeshan Kalyani – The Reply = say invoi
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