Para 3.10 – Draft-Bills-Reports – Business Process for GST on GST Return – Report on – Business Process for GST on GST Return – [October 2015] – Para 3.10 – 3.10 Contents of Invoice level information: 3.10.1. The following invoice level information would be captured in the return: 1. Invoices pertaining to B2B transactions (Intra-State, Inter-State and supplies to UN organizations/embassies) [both for supply and purchase transactions]: (i) Goods and Services Tax Identification Number (GSTIN)/Unique ID issued to UN organizations/Embassies (ii) Invoice Number, Date and value (iii) HSN code for each item line (for Goods)/ Accounting code for each item line (for services) (iv) Taxable Value (v) Tax Rate (CGST & SGST or IGST and/ or Additional Tax) (vi) Tax Amounts (CGST & SGST or IGST and / or Additional Tax) (vii) Place of Supply (State) (viii) For Capital Goods, there will be separate column in the Table of the return for ease of tracking of credit due and availed over the perio
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fferent than S. No. (vi) above B. For invoices whose taxable value is upto ₹ 2.5 lakhs, only aggregated taxable value of all such invoices will be submitted, state-wise and tax rate-wise. (GST Law may provide for mandatory mention of address of the buyer in every invoice whose taxable value is more than ₹ 50000/-) 3. Invoices pertaining to B2C transactions (Intra-State B2C supplies) [only supply transactions]: For intra-state B2C supplies, aggregated taxable value of all such invoices will be submitted tax rate-wise. 4. Invoice pertaining to Export and deemed export supply [only supply transactions]: (i) Invoice Number, Date and value (ii) 8-digit HSN Code for goods/ Accounting Code of Services for each line item ( as HSN Code / Accounting code is mandatory in case of exports) (iii) Taxable Value (iv) Tax Rate (v) Tax Amounts (IGST, CGST & SGST) (in case exports on payment of GST). (vi) Shipping Bill/ Bill of Export Number 5. Invoices pertaining to exempted including Ni
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Tax Rate and Tax Amount (CGST & SGST or IGST and Additional Tax) ( that is being modified ) The credit/debit note will be reflected in the monthly return in which such notes have been issued. GST Law may provide the time period within which sales return can be made and the date (invoice date or date of receipt by the buyer) from which such time period is to be calculated. 8. Post sales discount: GST Law may provide what constitutes a sale price especially with respect to post sales discount. The Law may also contain suitable provisions about admissibility or otherwise of post supply discounts. The adjustments for post sales discount will be completed before filing of annual return. The credit/debit note will be reflected in the monthly return in which the said adjustment is made. 9. Advances received against a supply to be made in future: GST law may provide for Point of Taxation Rules which will determine the point at which the taxes would be paid by the taxable person. So, accor
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