Ingredients of Invoice, debit note and credit note under CGST Act,2017
By: – Sanjeev Singhal
Goods and Services Tax – GST
Dated:- 8-5-2017<\/p>\n
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.
\nIssue of tax Invoice and Bill of Supply
\n1. at the time of Removal of goods where there is movement of Goods.
\n2. delivery of goods where there is no movement of goods.
\n3. tax invoice not required where goods are valuing less than ₹ 200.
\n4. <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n oucher shall be issued. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ve date of liability to date of certificate of registration. Provided that RP may issue consolidated invoice for supply to non registered person. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Ingredients of Invoice, debit note and credit note under CGST Act,2017By: – Sanjeev SinghalGoods and Services Tax – GSTDated:- 8-5-2017 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 … Continue reading “Ingredients of Invoice, debit note and credit note under CGST Act,2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3343","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3343"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3343\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n * In case of continuous supply of service, a] where due date of payment 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.
\nRequirement
\nTax Invoice
\nBill of Supply
\nSupplementary\/Revised Invoice Debit & Credit Note
\nReceipt Voucher
\n * Name, Address and GSTIN of supplier
\n Y
\n Y
\n Y
\n Y
\n\tSerial Number
\n Y
\n Y
\n Y
\n Y
\n\tDate of issue
\n Y
\n Y
\n Y
\n Y
\n\tName, Address and GSTIN or UIN of recipient if register
\n Y
\n Y
\n Y
\n Y
\n\tName, 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.
\n Y
\n N
\n Y
\n Y
\n\tHSN Code or SAC
\n Y
\n Y
\n N
\n N
\n\tDescription of Goods and Services
\n Y
\n Y
\n N
\n Y
\n\tQuantity in case of goods & unit or unique Quantity code
\n Y
\n N
\n N
\n N
\n\tTotal value of Goods or Services or both
\n Y
\n Y
\n N
\n N
\n\tTaxable value of Goods or services after discount
\n Y
\n N
\n Y\n<\/p>\n
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\n * In case of Input service distributor the following details to be inserted:
\n * Name address and GSTIN of input service distributor
\n * Serial number
\n * Date of issue
\n * Name address and GSTIN of recipient
\n * Amount of credit distributed
\n * signature
\nwhere the ISD is bank, financial institution or NBFC , they can issue any document without any serial number but having all information mentioned above.
\n\tWhere 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.
\n\tWhere the supplier is passe<\/p>\n
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