GST – TAX INVOICE, CREDIT AND DEBIT NOTES – Draft Rules 31-3-2017
GST
Dated:- 2-4-2017
GST – TAX INVOICE, CREDIT AND DEBIT NOTES – Draft Rules 31-3-2017
\n
\n=============
\nDocument 1
\n1.
\nTax invoice
\nChapter-
\nTAX INVOICE, CREDIT AND DEBIT NOTES
\nSubject to rule 7, a tax invoice referred to in section 31 shall be issued by the registered person
\ncontaining the following particulars:-
\n(a) name, address and GSTIN of the supplier;
\n(b)
\na consecutive serial number, in one or multiple series, containing alphabets or numerals or
\nspecial characters hyphen or dash and slash symbolised as “-” and “\/” respectively, and any
\ncombination thereof, unique for a financial year;
\n(c)
\ndate of its issue;
\n(d)
\nname, address and GSTIN or UIN, if registered, of the recipient;
\n(e)
\nname and address of the recipient and the address of delivery, along with the name of State
\nand its code, if such recipient is un-registered and where the value of taxable supply is fifty thousand
\nrupees<\/p>\n
= = = = = = = =<\/p>\n
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\nspecify –
\n(i)
\nthe number of digits of HSN code for goods or the Accounting Code for services, that a class
\nof registered persons shall be required to mention, for such period as may be specified in the said
\nnotification, and
\n(ii)
\nthe class of registered persons that would not be required to mention the HSN code for goods
\nor the Accounting Code for services, for such period as may be specified in the said notification:
\nProvided further that in case of exports of goods or services, the invoice shall carry an endorsement
\n“SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” or “SUPPLY MEANT FOR EXPORT
\nUNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF IGST\u201d, as the case may be,
\nand shall, in lieu of the details specified in clause (e), contain the following details:
\n(i) name and address of the recipient;
\n1
\n(ii) address of delivery;
\n(iii) name of the country of destination; and
\n(iv) number and date of application for removal of goods for export:
\nProvi<\/p>\n
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\ninstitution, including a non-banking financial company, or a telecom operator, or any other class of supplier
\nof services as may be notified by the Government on the recommendations of the Council, making taxable
\nsupplies of services between distinct persons as specified in section 25 as referred to in Entry 2 of Schedule
\nI, may issue the invoice before or at the time such supplier records the same in his books of account or before
\nthe expiry of the quarter during which the supply was made.
\nManner of issuing invoice
\nThe invoice shall be prepared in triplicate, in case of supply of goods, in the following manner:\u2014
\n3.
\n(1)
\n(a)
\nthe original copy being marked as ORIGINAL FOR RECIPIENT;
\n(b)
\nthe duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
\n(c)
\nthe triplicate copy being marked as TRIPLICATE FOR SUPPLIER.
\n(2)
\nThe invoice shall be prepared in duplicate, in case of supply of services, in the following manner:-
\n(a)
\nthe original copy being mar<\/p>\n
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\nsignature or digital signature of the supplier or his authorized representative:
\nProvided that the provisos to rule 1 shall., mutatis mutandis, apply to the bill of supply issued under
\n5. Receipt voucher
\nA receipt voucher referred to in clause (d) of sub-section (3) of section 31 shall contain the following
\nparticulars:
\n(a) name, address and GSTIN of the supplier;
\n(b)
\na consecutive serial number containing alphabets or numerals or special characters -hyphen
\nor dash and slash symbolised as \u201c-\u201d and \u201c\/”respectively, and any combination thereof, unique for a
\nfinancial year
\n(c)
\ndate of its issue;
\n(d)
\nname, address and GSTIN or UIN, if registered, of the recipient;
\n(e)
\ndescription of goods or services;
\n(f)
\namount of advance taken;
\nrate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
\namount of tax charged in respect of taxable goods or services (central tax, State tax, integrated
\ntax,<\/p>\n
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\n(g) name and address of the recipient and the address of delivery, along with the name of State and
\nits code, if such recipient is un-registered;
\n(h) serial number and date of the corresponding tax invoice or, as the case may be, bill of supply;
\n(i) value of taxable supply of goods or services, rate of tax and the amount of the tax credited or,
\nas the case may be, debited to the recipient; and
\n3
\n(2)
\n(j) signature or digital signature of the supplier or his authorized representative:
\nEvery registered person who has been granted registration with effect from a date earlier than the
\ndate of issuance of certificate of registration to him, may issue revised tax invoices in respect of taxable
\nsupplies effected during the period starting from the effective date of registration till the date of issuance of
\ncertificate of registration:
\nProvided that the registered person may issue a consolidated revised tax invoice in respect of all
\ntaxable supplies made to a recipient wh<\/p>\n
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\nfinancial year;
\naddress and GSTIN of the recipient to whom the credit is distributed;
\n(c)
\ndate of its issue;
\n(d)
\nname,
\n(e)
\n(f)
\namount of the credit distributed; and
\nsignature or digital signature of the Input Service Distributor or his authorized representative:
\nProvided that where the Input Service Distributor is an office of a banking company or a financial institution,
\nincluding a non-banking financial company, a tax invoice shall include any document in lieu thereof, by
\nwhatever name called, whether or not serially numbered but containing the information as prescribed above.
\nWhere the supplier of taxable service is an insurer or a banking company or a financial institution,
\nincluding a non-banking financial company, the said supplier shall issue a tax invoice or any other document
\nin lieu thereof, by whatever name called, whether or not serially numbered, and whether or not containing the
\naddress of the recipient of taxable service but <\/p>\n
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\nrule 1.
\n8. Transportation of goods without issue of invoice
\n4
\nFor the purposes of
\n(1)
\n(a)
\nsupply of liquid gas where the quantity at the time of removal from the place of business of
\nthe supplier is not known,
\n(b)
\n(c)
\n(d)
\ntransportation of goods for job work,
\ntransportation of goods for reasons other than by way of supply, or
\nsuch other supplies as may be notified by the Board,
\nthe consigner may issue a delivery challan, serially numbered, in lieu of invoice at the time of removal of
\ngoods for transportation, containing following details:
\n(i)
\ndate and number of the delivery challan,
\n(ii)
\nname, address and GSTIN of the consigner, if registered,
\n(iii)
\nname, address and GSTIN or UIN of the consignee, if registered,
\n(iv)
\nHSN code and description of goods,
\n(v)
\n(2)
\n(vi)
\n(vii)
\nquantity (provisional, where the exact quantity being supplied is not known),
\ntaxable value,
\ntax rate and tax amount – central <\/p>\n
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