Tags » Tax Invoice

GST - 106

In table 13 of the GSTR – 2, the tax invoices issued during the month should be shown after adjusting any advances paid during previous months. 18 more words

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 102

If a tax payer is also registered as Input Service Distributor, the Input Tax Credit transferred from ISD through Tax Invoice will be auto populated in Table 9 of GSTR – 2.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 96

In table 14 of the GSTR – 1 report, starting number and ending number of each series of tax invoice has to be shown along with the net number of tax invoices issued and number of tax invoices canceled. 24 more words

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 91

After the Receipt of advance from the customer, the tax invoice issued by the supplier and the recipient or customer cannot take input tax credit from this tax invoice/receipt voucher. 64 more words

CMA Bhogavalli Mallikarjuna Gupta

GST Tip 88

Services Accounting Code (SAC) is mandatory to be shown on the tax the invoice for the supply of services and also in the GSTR Р1 return.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 67

A Taxpayer can obtain registration under Composition Levy if the turnover is less than Rs 50 Lacs and desires not maintain all records as per GST but pay a flat rate of tax at the end of the period. 15 more words

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 62

Under GST, input credit is available on payment and matching of the seller and buyers data in the following sequence GSTIN of the supplier, GSTIN of the recipient , Invoice/Debit Note date, Invoice/Debit Note number ,Taxable value & Tax amount.

CMA Bhogavalli Mallikarjuna Gupta