Goods and Services Tax – GST – By: – Sanjeev Singhal – Dated:- 8-5-2017 Last Replied Date:- 9-5-2017 – Invoice is basic document for supply of goods or service. There are circumstances where Taxable Invoice need not be raised only Bill of Supply will be issued .what are circumstances where Taxable Invoice as well as Bill of supply need not be raised and instead Delivery Challan will be sufficient. Where there is difference in price downward and upward one need to issue supplementary invoice / debit note or credit note. What are the circumstance where revised invoice will be issued. Let us discuss one by one and focus on Section 31 to 34 of the GST Act ,2017 and Invoice Rule of the same. Issue of tax Invoice and Bill of Supply 1. at the time of Removal of goods where there is movement of Goods. 2. delivery of goods where there is no movement of goods. 3. tax invoice not required where goods are valuing less than ₹ 200. 4. Supply of exempted goods or paying tax under sec.10, will
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ment is fix as per contact, due date b] otherwise at the time of receipt of payment c] on completion of event if the event is linked. Requirement Tax Invoice Bill of Supply Supplementary/Revised Invoice Debit & Credit Note Receipt Voucher Name, Address and GSTIN of supplier Y Y Y Y Serial Number Y Y Y Y Date of issue Y Y Y Y Name, Address and GSTIN or UIN of recipient if register Y Y Y Y Name, Address of recipient & address of delivery with name and code of state if recipient is unregistered where the value of taxable supply is ₹ 50000 or more. Y N Y Y HSN Code or SAC Y Y N N Description of Goods and Services Y Y N Y Quantity in case of goods & unit or unique Quantity code Y N N N Total value of Goods or Services or both Y Y N N Taxable value of Goods or services after discount Y N Y Y Rate of tax Y N N Y Amount of tax Y N N Y Place of supply with name of State in case of Inter state supply. Y N N Y Address of delivery if the same is different from place of supply Y N
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tributor Serial number Date of issue Name address and GSTIN of recipient Amount of credit distributed signature where the ISD is bank, financial institution or NBFC , they can issue any document without any serial number but having all information mentioned above. Where the supplier of goods is GTA supplying goods by road shall issue tax invoice or any other document containing the gross weight of the consignment, name of the consignor and consignee, registration number of goods carriage, detail of goods transported, place of origin and destination, GSTIN of person liable for paying tax consignor, consignee or GTA and also containing other information as per rule -1. Where the supplier is passenger transportation, tax invoice shall include ticket in any form by whatever name called without any serial no., without the address of recipient but include all information mentioned in rule-1. Following are the cases where invoice is not mandatory Supply of liquid gas where the quantity at the
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