{"id":3616,"date":"2018-01-13T10:58:02","date_gmt":"2018-01-13T05:28:02","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3616"},"modified":"2021-12-24T18:57:10","modified_gmt":"2021-12-24T13:27:10","slug":"tax-invoice-under-goods-and-services-tax","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/","title":{"rendered":"tax invoice under goods and services tax"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dbe8db717e2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dbe8db717e2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#TAX_INVOICE_UNDER_GOODS_AND_SERVICES_TAX\" title=\"TAX INVOICE UNDER GOODS AND SERVICES TAX\">TAX INVOICE UNDER GOODS AND SERVICES TAX<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#When_to_issue_an_invoice\" title=\"When to issue an invoice\">When to issue an invoice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#Not_required_to_issue_an_invoice\" title=\"Not required to issue an invoice\">Not required to issue an invoice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#Bill_of_supply\" title=\"Bill of supply \">Bill of supply <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#_Contents_of_Bill_of_Supply\" title=\"\u00a0Contents of Bill of Supply\">\u00a0Contents of Bill of Supply<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#Revised_invoice\" title=\"Revised invoice\">Revised invoice<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#Copies_of_Invoices_should_be_issued\" title=\"Copies of Invoices should be issued\">Copies of Invoices should be issued<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#What_is_core_Business_Activity_GST\" title=\"What is core Business Activity GST\">What is core Business Activity GST<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#_All_about_GST_Offenses_Penalties_and_Appeals\" title=\"\u00a0All about GST Offenses, Penalties, and Appeals\">\u00a0All about GST Offenses, Penalties, and Appeals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/tax-invoice-under-goods-and-services-tax\/#recipient\" title=\"recipient\">recipient<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<figure id=\"attachment_8812\" aria-describedby=\"caption-attachment-8812\" style=\"width: 566px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/images.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8812\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/images.png\" alt=\"www.carajput.com; Invoice under GST\" width=\"566\" height=\"260\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/images.png 331w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/images-300x138.png 300w\" sizes=\"(max-width: 566px) 100vw, 566px\" \/><\/a><figcaption id=\"caption-attachment-8812\" class=\"wp-caption-text\">www.carajput.com; Invoice under GST<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"TAX_INVOICE_UNDER_GOODS_AND_SERVICES_TAX\"><\/span>TAX INVOICE UNDER GOODS AND SERVICES TAX<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Invoice is a commercial instrument issued by a seller to a buyer. It identifies both the trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts, if any, and delivery and payment terms.<\/p>\n<p>A registered person must issue a tax invoice before, or at the time of removal of goods\u00a0for supply to the recipient. For supplying services , <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> invoices can be issued before, at, or even after the time of supply.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_to_issue_an_invoice\"><\/span><strong>When to issue an invoice<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> invoice\u00a0should be issued by a taxable person under GST while supplying goods or services. An invoice for goods must be issued before or at the time of:<\/p>\n<ul>\n<li>Removal of goods for supply to the recipient, where the supply involves movement of goods; or<\/li>\n<li>Delivery of goods or making available thereof to the recipient, in any other case.<\/li>\n<\/ul>\n<p>In case of supply of services, the invoice must be issued before or after the provision of service but within a period of 30 days from the date of supply of service. In case the supplier of services is an insurer or a banking company or a financial institution, including a non-banking financial company, an invoice\u00a0must be issued within 45 days from the date of the supply of service.<\/p>\n<p><strong>Input credit <\/strong><\/p>\n<p>Under <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> a tax invoice is an important document. It not only evidences supply of goods or services but is also an essential document for the recipient to avail Input Tax Credit (ITC). A registered person cannot avail of input tax credit unless he is in possession of a tax invoice or a debit note<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Not_required_to_issue_an_invoice\"><\/span><strong>Not required to issue an invoice<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An invoice or a bill of supply need not be issued if the value of the supply is less than Rs. 200\/- subject to specified conditions.<\/p>\n<p><strong>Contents of invoice<\/strong><\/p>\n<p>There is no format prescribed for an invoice, however,<\/p>\n<p>Invoice rules makes it mandatory for an invoice to have<\/p>\n<p>Following fields.<\/p>\n<ol>\n<li>Name, address and<a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">\u00a0GSTIN<\/a> of the supplier<br \/>\n2.\u00a0Tax invoice number (it must be generated consecutively and each tax invoice will have a unique number for that financial year)<br \/>\n3. Date\u00a0of issue<br \/>\n4. If\u00a0the buyer (recipient) is registered then the name, address and\u00a0GSTIN of the recipient<br \/>\n5. If the recipient is\u00a0not registered\u00a0AND\u00a0the value is more than Rs. 50,000\u00a0then the invoice should carry:<br \/>\ni. name and address of the recipient,<br \/>\nii. Address of delivery,<br \/>\niii.State name and state co<br \/>\n6<span style=\"color: #000000;\">. hsn code\u00a0<\/span>of goods\u00a0or accounting code of services**<br \/>\n7. \u00a0Description of the goods\/services<br \/>\n8. \u00a0Quantity of goods (number) and unit (metre, kg etc.)<br \/>\n9. \u00a0Total value of supply of goods\/services<br \/>\n10.Taxable value\u00a0of supply after adjusting any discount<br \/>\n11. Applicable rate of GST<br \/>\n(Rates of <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">CGST, SGST, IGST, UTGST<\/a> and cess clearly mentioned)<br \/>\n12. Amount of tax<br \/>\n(With breakup of amounts of CGST, SGST, IGST, UTGST and cess)<br \/>\n13. Place of supply and name of destination state for inter-state sales<br \/>\n14. Delivery address if it is different from the place of supply<br \/>\n15. Whether GST is payable on reverse charge basis.<br \/>\n16. Signature of the supplier<\/li>\n<\/ol>\n<p><a href=\"https:\/\/carajput.com\/blog\/how-to-charge-gst-on-expenses-in-the-invoice\/\">How to Charge GST on Expenses in Invoice?<\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bill_of_supply\"><\/span><strong>Bill of supply <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Businesses even though registered under <a href=\"https:\/\/www.caindelhiindia.com\/blog\/application-of-gst-on-contribution-by-rwa-members\/\">GST<\/a> cannot charge any tax on the invoice issued by them. Such dealers have to issue a Bill of Supply.<\/p>\n<p>A Bill of Supply is issued when GST is not applicable on a transaction or when GST is not to be recovered from the customer.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"_Contents_of_Bill_of_Supply\"><\/span>\u00a0Contents of Bill of Supply<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<pre>\u00a0Bill of Supply should have:<\/pre>\n<ol>\n<li>Name, address, and GSTIN of the supplier.<\/li>\n<li>Date of its issue<\/li>\n<li>3. Bill of Supply number (it must be generated consecutively and each Bill of Supply will have a unique number for that financial year)<\/li>\n<li>Name, address and GSTIN or UIN, if registered, of the<\/li>\n<li>HSN Code of goods or Accounting Code for services;<\/li>\n<li>Description of goods or services or both<\/li>\n<li>Value of supply of goods or services or both<\/li>\n<li>Signature or digital signature of the supplier<\/li>\n<\/ol>\n<h4><span class=\"ez-toc-section\" id=\"Revised_invoice\"><\/span><strong>Revised invoice<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>A registered person may, within one month from the date of issuance of certificate of registration and in such manners has been prescribed in the Invoice Rules, issue a revised invoice against the invoice already issued during the period beginning with the effective date of registration till the date of issuance of certificate of registration to him.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Copies_of_Invoices_should_be_issued\"><\/span><strong>Copies of Invoices should be issued<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In case of supply of goods <strong>\u2013 3 copies<\/strong><\/li>\n<li>In case of supply of services <strong>\u2013 2 copies<\/strong><\/li>\n<\/ul>\n<p>Popular\u00a0 blog:<\/p>\n<h4><span class=\"ez-toc-section\" id=\"What_is_core_Business_Activity_GST\"><\/span><strong><em><a href=\"https:\/\/carajput.com\/blog\/what-is-core-business-activity-in-gst\/\">What is core Business Activity GST<\/a><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"_All_about_GST_Offenses_Penalties_and_Appeals\"><\/span><strong><em><u>\u00a0<\/u><\/em><em><a href=\"https:\/\/carajput.com\/blog\/all-about-gst-offenses-penalties-appeals\/\">All about GST Offenses, Penalties, and Appeals<\/a><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"recipient\"><\/span>recipient<span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>TAX INVOICE UNDER GOODS AND SERVICES TAX Invoice is a commercial instrument issued by a seller to a buyer. It identifies both the trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts, if any, and delivery and payment terms. A registered person &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172,4],"tags":[804,802,805,800,801,806,803,799,798],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3616"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3616"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3616\/revisions"}],"predecessor-version":[{"id":20436,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3616\/revisions\/20436"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}