Tax Invoice under GST: Queries Asked by Clients to CA

Author Details

i) The original copy being marked as ORIGINAL FOR RECIPIENT, ii) The duplicate copy being marked as DUPLICATE FOR TRANSPORTER, iii) The triplicate copy being marked as TRIPLICATE FOR SUPPLIER.

In case of supply of services, you need to prepare invoice in duplicate: ) The original copy being marked as ORIGINAL FOR RECIPIENT, ii) The duplicate copy being marked as DUPLICATE FOR SUPPLIER, i) In case of normal and continuous supply Example of Continuous Supply: Piped Gas, Telephone & Internet supply. ii) When payment is linked to completion of an event, then a tax invoice should be raised on or before completion of that event. For Ex: Contract work. ii) On or before due date in contract iii) Where due date in not certain, at the time of receiving payment iii) Under Composition scheme, person should issue Bill of Supply instead of Tax invoice. iv) Bill of supply should be issued for every exempted supplies. v) If value of supply is less than 200 INR then tax invoice may not be issued if

a) Recipient is not registered and b) he does not require tax invoice

provided supplier shall issue a consolidated invoice at the end of day. ii) On or before due date in contract iii) Where due date in not certain, at the time of receiving payment ii) On or before due date in contract iii) Where due date in not certain, at the time of receiving payment

Issue the Complete invoice before dispatch of first consignment Issue Delivery challan giving reference of the invoice, for each subsequent assignment and should be accompanied by certified copy of Invoice. Original Invoice shall be sent with last consignment.

i) At the time of supply i.e. once approval is received or ii) 6 months from the date or receipt or sending of goods

These revised invoices should be issued within 30 days of registration. For normal invoices, you can raise debit notes and credit notes instead of revising the invoices.

i) The output liability of supplier will decrease and ii) The input tax credit of recipient will also be reduced

When a debit note is raised due to subsequent increase in price

i) The output liability of supplier will increase and ii) Recipient can take input tax credit of such amount.

MJL & Co, Jaipur (Chartered Accountants)Email – MJLco.jaipur@gmail.com (ph – 0141-4915113) Recommended Articles

GST RegistrationState GST ActGST DownloadsReturns Under GSTGST RegistrationGST RatesGST FormsHSN CodeGST LoginGST Due DatesGST RulesGST StatusKnow your GSTIN