Tags » Tax Invoice

GST Tip - 203

As per the Draft Input Tax Credit Rules, Input Tax Credit is available only if the registered person has issued the tax invoice for the supply of goods or services as given in the Revised Invoice Rules and the same is furnished in the GSTR – 2 of the recipient and GSTR -1 of the supplier of goods or services are matched.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 198

As per the Draft Input Tax Credit Rules, Input tax credit can be availed only the debit note issued by the supplier of  goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient. 23 more words

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 194

As per the Draft e-waybill rules, the transporter or the person carrying the goods or conveyance should carry the tax invoice or delivery challan or bill of supply along with the copy of e-waybill or e-waybill number mapped to RFID device.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 174

Input tax credit availed has to be reversed as output tax liability if the supplier of goods or services is not paid within 180 days from the date of issue of the tax invoice.

GST Tips

GST Tip - 173

In the revised Invoice Rules, the time limit for issue of tax invoice is given as 30 days from the date of supply of service and in the case of an insurer or a banking company or a financial institution, including a non-banking financial company, the time limit is 45 days from the supply of service.

GST Tips

GST Tip - 172

A special provision is provided in the Revised Invoice Rules, wherein the supplier of goods can ship the same in different consignments in the case of transportation of goods in a semi-knocked down or completely knocked down condition. 50 more words

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 171

As per the Revised Invoice Rules released on 1st April, now special characters like “/” or “-” are allowed in the numbering of the Tax Invoice in GST.   21 more words

CMA Bhogavalli Mallikarjuna Gupta