Tags » Tax Invoice

GST Tip - 251

As per the latest GST Returns, In Table 11 B of GSTR – 1, tax invoice issued during the return filing period will be shown for which advances have been received in the previous months. 13 more words

GST Tips

GST Tip - 233

As per the Tax Invoice, Credit and Debit Note Rules, in case of supplier who is giving passenger transportation services, a tax invoice shall include ticket in any form, by whatever name called, whether or not serially numbered, and whether or not containing the address of the recipient of service but should contain other information related to tax invoice.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 232

As per the Tax Invoice, Credit and Debit Note Rules, an insurer, banking company or financial institution or non-banking company are exempted from serial numbering & address of the recipient to be shown on tax invoice or any other document issued physically or electronically to the customers for the service charges levied for services but it should contain all other information required to be shown on the tax invoice.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 229

As per the Tax Invoice, Credit and Debit Note Rules, released for GST on 18th May 2017, the document issued like Tax Invoice, Bill of Supply, Receipt Voucher, Payment Voucher, Refund Voucher, Delivery Challan, Revised Tax Invoice, Debit / Credit Notes &  Tax Invoice in special cases should be unique for a financial year and the length should not exceed 16 characters.

CMA Bhogavalli Mallikarjuna Gupta

GST Tip - 225

As per Composition Rules, a taxpayer registered under composition scheme is required to file FORM GST CMP-04 if he ceases to follow any of the rules as per the act or rules within 7 days of such event and then issue a regular tax invoice.

CMA Bhogavalli Mallikarjuna Gupta

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