Tags » Tax Invoice

GST Tip - 362

As per Notification No.   45/2017 – Central Tax in Sub-rule 2 of Rule 54 in case of documents issued by a bank or financial institution, the words “tax invoice” is replaced by a new term known as “consolidated tax invoice” as the statement is issued for a period.

CMA Bhogavalli Mallikarjuna Gupta

What is GSTN? 

GSTN : The Goods and Service Tax Network (or GSTN) is a non-profit, non-government organization. It will manage the entire IT system of the GST portal, which is the mother database for everything… 768 more words

Financial

GST BASIC KNOWLEDGE -PART 3

​(1) The following persons shall not be liable to registration, namely:––

(a) any person engaged exclusively in the business of supplying goods or

services or both that are not liable to tax or wholly exempt from tax under this. 2,089 more words

Financial

GST BASIC KNOWLEDGE - PART 2

1)“output tax” in relation to a taxable person, means the tax chargeable under this Act on taxable supply of goods or services or both made by him or by his agent but excludes tax payable by him on reverse charge basis; 2,351 more words

Financial

GST BASIC KNOWLEDGE 

1)This Act may be called the Central Goods and Services Tax Act, 2017.

(2) It extends to the whole of India except the State of Jammu and Kashmir. 1,391 more words

Financial

GST Tip - 315

As per Rule 46 of the CGST Rules, a registered taxpayer can issue a consolidated tax invoice at the end of the day if the transaction value is less than or equal to Rs 200 if the recipient does not require tax invoice or recipient is a non-registered taxpayer.

CMA Bhogavalli Mallikarjuna Gupta