This document discusses various types of documents that can be issued under the GST Act, including invoices, vouchers, debit notes, credit notes, and delivery challans. It provides details on the purpose and required contents of each type of document. It specifies the timelines for issuing invoices and vouchers and clarifies when revised invoices or consolidated invoices would be required. The document aims to help registered persons understand their documentation obligations under the GST Act.
OBJECTIVES:
Definition
Job work Procedure u/s 143 of CGST Act, 2017.
Input tax credit as per Section 16 and 19 of the CGST Act, 2017.
Other clarifications relating to Job work as per Circular No. 38/12/2017 – Central Tax dated 26th of March 2018.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
Provisions related to Assessment, Audit, Demand and Recovery under GSTGST Law India
Find out the detailed explanation of the provisions related to Assessment, Audit under the dual GST Law for the efficient tax administration from the presentation. Give it a read and we would love to know your feedback!
OBJECTIVES:
Definition
Job work Procedure u/s 143 of CGST Act, 2017.
Input tax credit as per Section 16 and 19 of the CGST Act, 2017.
Other clarifications relating to Job work as per Circular No. 38/12/2017 – Central Tax dated 26th of March 2018.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
Provisions related to Assessment, Audit, Demand and Recovery under GSTGST Law India
Find out the detailed explanation of the provisions related to Assessment, Audit under the dual GST Law for the efficient tax administration from the presentation. Give it a read and we would love to know your feedback!
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
GST returns types, applicability of returns with due date to different assessees, CGST, IGST, SGST, Returns for regular Dealer, Composition Dealer, Annual return,Monthly return, Quarterly Return
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Show Cause Notices, Adjudication & Introduction to Appeals under GSTGST Law India
This presentation gives a detailed information on show cause notices, reply to SCN, identification of deficiencies in SCN, the scope of writ, the procedure for adjudication under GST and lastly how to file appeal - drafting, its effect, and remedy.
Presentation on the Indirect Tax system in India, the need for tax reforms, the journey to GST, basic understanding and features of GST and the benefits of GST.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
OBJECTIVE
Job work sector constitutes a significant industry in Indian economy. The concept of job work already exists in Central Excise, wherein a principal manufacturer can send inputs or semi finished goods to a job worker for further processing. After the introduction of the Goods and Services Act (GST), it made special provisions in this regard, giving some leniency for the job workers in complying with the discrete provisions with a motive to make the principal responsible for the same. In this webinar we will be learning the provisions of the GST Act relating to goods sent on job work, rates applicable for services by way of job work and transitional provisions.
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
GST returns types, applicability of returns with due date to different assessees, CGST, IGST, SGST, Returns for regular Dealer, Composition Dealer, Annual return,Monthly return, Quarterly Return
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall be learning the procedural aspects of refund under GST law.
Show Cause Notices, Adjudication & Introduction to Appeals under GSTGST Law India
This presentation gives a detailed information on show cause notices, reply to SCN, identification of deficiencies in SCN, the scope of writ, the procedure for adjudication under GST and lastly how to file appeal - drafting, its effect, and remedy.
Presentation on the Indirect Tax system in India, the need for tax reforms, the journey to GST, basic understanding and features of GST and the benefits of GST.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
OBJECTIVE
Job work sector constitutes a significant industry in Indian economy. The concept of job work already exists in Central Excise, wherein a principal manufacturer can send inputs or semi finished goods to a job worker for further processing. After the introduction of the Goods and Services Act (GST), it made special provisions in this regard, giving some leniency for the job workers in complying with the discrete provisions with a motive to make the principal responsible for the same. In this webinar we will be learning the provisions of the GST Act relating to goods sent on job work, rates applicable for services by way of job work and transitional provisions.
This is about the understanding of the provisions applicable in GST. This Presentation talks about the complete practical understanding. There is a series of presentation available but for now we are providing our first PPT free of cost.
The govt. is trying to move towards ONE NATION ONE TAX- GOODS & SERVICE TAX. Through this presentation we have tried our best to give a clear insight about the biggest tax reform.
Different types of GST Invoices- An Overview.pptxtaxguruedu
An invoice or tax invoice is a document issued by the supplier of goods or services to the addressee/recipient specifying, amongst other things, the description of taxable goods or services or both as well as value of taxable supply.
Goods and Services Tax is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
The chapter consists of basics of Goods and Service Tax, Tax Invoice; Credit and Debit Notes; E-Way Bill, Procedure for Generation of E-Way Bill; Accounts and Records; Electronic Cash Ledger, Manner of Utilization of Amount in Electronic Cash Ledger, Electronic Credit Ledger-Manner of Utilization of ITC, Electronic Liability Ledger-Order of Discharge of Tax and Other Dues.
An invoice is a commercial instrument issued by a supplier of goods/services to a recipient.
In GST, all invoices issued between the date of implementation of GST and the date of issuance of GST registration certificate will have to be reissued in the form of a revised invoice and have to be raised within a month of issuance of the registration certificate.
A supplementary tax invoice is an invoice that a taxable person issues if any deficiency is found in a tax invoice already issued by the said taxable person. A supplementary invoice is also known as a debit note.
The recipient who is registered under GST has to issue a payment voucher for the transactions(goods or services) on which reverse charge is applicable to the supplier. For example Ajay cashew house registered in Delhi had purchased cashew nuts from Vikram an agriculturist for Rs 100000 in Karnataka.
Rule 55 specifies the cases where at the time of removal of goods, goods may be removed on delivery challan and invoice may be issued after delivery. Issuance of Credit Note – Section 34(1)
Issuance of Debit Note – Section 34(3)
Details of Credit Note to be furnished in return – Section 34(2)
Details of Debit Note to be furnished in return – Section 34(4)
EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in.
Registered Person – E-way bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000.
e-Cash ledger indicates the amount that has been paid by the taxpayer to the government. The amount in this ledger can be used to make payment of tax, interest, liability, fees and so forth.
e-Credit ledger or electronic credit ledger is maintained in the form GST PMT-02 on the GST Portal.
This ledger helps in tracking all the Input Tax Credit (ITC) claims made by the taxpayer. However, it shall be noted that any remaining amount in the e-Credit ledger can be used in making the payment of output tax liability only. E-Liability Register will reflect the total tax liability of a taxpayer for a particular tax period.
Debit to Electronic Credit Ledger and Credit to Electronic Liability Register
Checklist on GST Audit step by step guide on how to conduct GST Audit. Main emphasis on
1. Approaching Audit place
2. Checking Invoice
3. Input Tax Credit
4. Time of Supply
etc...
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S 2-Invoicing rules under GST
1. Compiled By –
Surabhi Bansal | Executive | Indirect Tax Vertical
Asija & Associates LLP | Chartered Accountants
gst@asija.in
Chapter VII of CGST Act
Read with Invoice Rules prescribed
2. Various information pertaining to following points are detailed hereinafter:-
1. Types of Invoices
2. Purpose and content of each Invoice
3. Types of Vouchers
4. Purpose and content of each Voucher
5. Other Documents used as invoice
6. Penalties in case of default
7. Miscellaneous Provisions
Table of Content
gst@asija.inGST Wing | Asija & Associates LLP
3. gst@asija.inGST Wing | Asija & Associates LLP
Types of Documents issued under GST
Registered Person shall issue
Invoices
1.Tax Invoice (For Outward
Supply)
1.Consolidated Tax Invoice
1.Revised Tax Invoice
Bill of supply
Tax Invoice (For Inward Supply
from Unregistered person &
RCM)
Vouchers
1.Receipt voucher
Refund voucher
Payment voucher
Other Documents
1.Debit Note
Credit Note
Delivery Challan
E-Way Bill
4. • What is a Tax Invoice?
• When a Tax Invoice is not required to be issued?
• What is the timeline for issuance of Tax Invoice?
• Tax Invoice has to be issued in how may copies?
• Has the law prescribed any format of Tax Invoice?
TAX INVOICE
gst@asija.inGST Wing | Asija & Associates LLP
5. What is a Tax Invoice?
To be issued by a registered person
Supplying taxable goods / service,
Shall issue an invoice of supply, known as tax invoice
When a Tax Invoice is not required to be issued?
No tax invoice may be issued if the value of supplies is less than Rs. 200/-, provided:-
The recipient is not a registered person and
The recipient does not require tax invoice
However, the supplier shall issued a Consolidated Tax Invoice* for all such
supplies at the close of each day.
* Explained later
TAX INVOICE
gst@asija.inGST Wing | Asija & Associates LLP
6. TAX INVOICE
gst@asija.inGST Wing | Asija & Associates LLP
What is the timeline for issuance of Tax Invoice?
o In case of Taxable Supply of Goods: Before or at the time of
Removal of goods for supply to the recipient, where the supply involves
movement of goods or
Delivery of goods or making available thereof to the recipient, in any other case,
o In case of Taxable Supply of Service: Before or at the time of :-
But before 30 days from the date of Supply .
But before 45 days from the date of Supply, in case of Insurer or Banking
Company or financial institution or NBFC
o In case of Continuous Supply of Goods: Before or at the time of
When each such statement is issued or
When each payment is received.
7. gst@asija.inGST Wing | Asija & Associates LLP
o What is the timeline for issuance of Tax Invoice?
o In case of Continuous Supply of Service
Where the due date of payment is ascertainable from the contract - on or before
the due date of payment;.
Where the due date of payment is not ascertainable from the contract,- before or
at the time payment is received;
Where the payment is linked to the completion of an event - on or before the date
of completion of that event.
o Where the goods being sent or taken on approval for sale or return and are removed
before the supply takes place,
It shall be issued before or at the time of supply or
Six months from the date of removal, whichever is earlier
TAX INVOICE
8. What is the timeline for issuance of Tax Invoice?
o In case where the supply of services ceases under a contract before the
completion of the supply,
It shall be issued at the time when the supply ceases and
shall be issued to the extent of the supply made before such cessation.
o In case where goods are being transported for the purpose of supply,
but tax invoice could not be issued at the time of removal of goods for supply,
it shall be issued after delivery of goods.
o In case where goods are being transported in a semi knocked down or completely
knocked down condition,
Complete invoice to be issued before dispatch of the first consignment;
the original copy of the invoice shall be sent along with the last consignment
gst@asija.inGST Wing | Asija & Associates LLP
TAX INVOICE
9. Tax Invoice has to be issued in how many copies?
It shall be in Triplicate in case of supply of goods, marked as :-
Original for Recipient
Duplicate for Transporter.
Triplicate for Supplier.
It shall be in Duplicate in case of supply of service, marked as :-
Original for Recipient.
Duplicate for Supplier.
gst@asija.inGST Wing | Asija & Associates LLP
TAX INVOICE
10. gst@asija.inGST Wing | Asija & Associates LLP
Has the law prescribed any Format of Invoice?
NO, CGST Act, has not prescribed any specific format of Invoice, but has
prescribed following 16 particulars to be included in it;
1. Name, address and GSTIN of the supplier;
2. A consecutive serial number, containing alphabets or numerals or special
characters, unique for a financial year; (maximum of 16 Characters)
3. Date of its issue;
4. Name, address and GSTIN or UIN, if registered, of the Recipient;
5. Name and address of the recipient and the address of delivery, along with the
name of State and its code, if such recipient is un-registered and value of
taxable supply is 50,000 rupees or more;
6. Harmonised System of Nomenclature Code for Goods or Services. (Notification
No. 10/2017-CT)
TAX INVOICE
11. Content of Tax Invoice
7. Description of goods or services;
8. Quantity of goods and unit or Unique Quantity Code thereof
9. Total value of supply
10. Taxable value of supply taking into account discount or abatement, if any;
11. Rate of tax (CGST, IGST, UT-GST or cess);
12. Amount of tax charged
13. Place of supply along with the name of State, in case of a supply in the course of inter-
State trade or commerce;
14. Address of delivery where the same is different from the place of supply;
15. Whether the tax is payable on reverse charge basis; and
16. Signature or digital signature of the supplier or his authorized representative
gst@asija.inGST Wing | Asija & Associates LLP
TAX INVOICE
12. Seria
l No.
Annual Turnover in the preceding
Financial Year
Number of Digits of HSN
Code
1 Upto rupees One Crore Fifty Lakhs NIL
2 More than Rupees One Crore Fifty Lakhs and
upto Rupees Five Crores
2
3 More than Rupees Five Crores 4
TAX INVOICE
On 28th June, 2017 vide Notification No. 12/2017-CT , Government has notified class
of persons based on their Annual Turnover in the Preceding Financial Year upon
mentioning of HSN Codes in their Invoices. The limit of Annual Turnover are:
On 28th June, vide Notification No. 10/2017-CT, The provisions relating to Tax Invoice
for Inward Supply issued by a registered person for receipt of supply from an unregistered
supplier has been modified, specifying :
a) A registered person may issue a consolidated invoice at the end of a month for
supplies received from an unregistered person,
b) The aggregate value of such supplies exceeds rupees five thousand in a day from any
or all the suppliers.
gst@asija.inGST Wing | Asija & Associates LLP
13. gst@asija.inGST Wing | Asija & Associates LLP
What is Revised Tax Invoice?
Correction in Tax Invoice is NOT Revision of Tax Invoice
It is to be issued by a registered person against the invoice already issued during the
period between effective date of registration and date of issuance of registration
certificate.
Revised Tax Invoice cannot be issued for supplies made after the grant of registration
certificate.
Note: -
Effective date of registration means – Date on which the person was Liable to get registered (if
application made within 30 days) or date of issuance of registration certificate
Date of issuance of registration certificate means: - The date on which certificate is granted
REVISED TAX INVOICE
14. 1. The word “revised invoice”, indicated
prominently
2. Name, address and GSTIN of the supplier;
3. Nature of document
4. A consecutive serial number, containing
alphabets or numerals or special
characters, unique for a financial year;
5. Date of its issue;
6. Name, address and GSTIN or UIN, if
registered, of the recipient;
7. Name and address of the recipient and
the address of delivery, along with the
name of State and its code, if such
recipient is un-registered
8. Serial number and date of the
corresponding tax invoice or, as the
case may be, bill of supply
9. Value of taxable supply of goods or
services, rate of tax and the amount of
the tax
10.Signature or digital signature of the
supplier or his authorized
representative
What is the content of Revised Tax Invoice?
gst@asija.inGST Wing | Asija & Associates LLP
REVISED TAX INVOICE
15. What is Consolidated Tax Invoice?
If No Tax Invoice has been issued
by the supplier (value of supplies <
Rs. 200/-), supplier shall issue a
Consolidated Tax Invoice for all
such supplies made at the close of
each day.
All provision relating to Tax
Invoice shall apply to Consolidated
Tax Invoice.
gst@asija.inGST Wing | Asija & Associates LLP
What is a Consolidated Revised Tax
Invoice ?
A registered person may issue a
consolidated Revised Tax Invoice, in
respect of all taxable supplies made to a
recipient who is not registered under
the Act during such period.
In case of inter-state supply, where the
value of a supply is less than Rs.
2,50,000.00, consolidated revised Tax
invoice may be issued to all
unregistered recipients separately.
Consolidated Tax Invoice
16. Tax invoice (for inward supply from unregistered person & RCM)
A registered person who is liable to pay tax :-
Under reverse charge basis, as specified u/s 9(3) or
In respect to goods or service received by him from unregistered supplier, as specified
u/s 9(4)
Shall issue a tax invoice with respect to such transaction
Note:
All rules and contents prescribed for tax invoice for outward supply shall also apply for such invoice of
such inward supplies.
It is suggested, to use different series for tax invoice issued for outward supply and for inward supply,
for better internal controls and reporting.
gst@asija.inGST Wing | Asija & Associates LLP
TAX INVOICE – Inward Supply
17. What is a Bill of Supply?
Issued by a registered person
Supplying exempted goods/service or covered by composition scheme (u/s 10),
Shall issue instead of tax invoice, a bill of supply
When a Bill of Supply is not required to be issued?
No tax invoice MAY be issued if the value of supplies is less than Rs. 200/-,
provided:-
The recipient is not a registered person and
The recipient does not require tax invoice
However the supplier shall issued a consolidated Bill of Supply for all such supplies
at the close of each day.
gst@asija.inGST Wing | Asija & Associates LLP
BILL OF SUPPLY
18. 5. HSN/SAC code for goods/services
6. Description of goods or services;
7. Taxable value of supply taking into
account discount or abatement, if
any;
8. Signature or digital signature of the
supplier or his authorized
representative
gst@asija.inGST Wing | Asija & Associates LLP
1. Name, address and GSTIN of the
supplier;
2. A consecutive serial number,
containing alphabets or numerals
or special characters, unique for a
financial year;
3. Date of its issue;
4. Name, address and GSTIN or UIN,
if registered, of the recipient;
What is the content of Bill of Supply?
BILL OF SUPPLY
19. 7. Rate of tax
8. Amount of tax charged
9. Place of supply along with the name of
State and its code in case of a supply in the
course of inter-State trade or commerce
10.Whether the tax is payable on reverse
charge basis;
11.Signature or digital signature of the
supplier or his authorized representative
gst@asija.inGST Wing | Asija & Associates LLP
What is the content of Receipt Voucher?
1. Name, address and GSTIN of the supplier;
2. a consecutive serial number, containing
alphabets or numerals or special
characters, unique for a financial year;
3. Date of its issue;
4. Name, address and GSTIN or UIN, if
registered, of the recipient;
5. Description of goods or services
6. Amount of advance taken
What is a Receipt Voucher?
Registered person on receipt of advance payment, with respect to supply of goods or
service, shall issue a receipt voucher
RECEIPT VOUCHER
20. 6. Description of goods or services
7. Amount of refund made;
8. Rate of tax
9. Amount of tax paid
10.Whether the tax is payable on reverse
charge basis;
11.Signature or digital signature of the
supplier or his authorized representative
gst@asija.inGST Wing | Asija & Associates LLP
What is the content of Refund Voucher?
1. Name, address and GSTIN of the supplier;
2. A consecutive serial number, containing
alphabets or numerals or special
characters, unique for a financial year;
3. Date of its issue;
4. Name, address and GSTIN or UIN, if
registered, of the Recipient;
5. Number and date of receipt voucher
issued
What is Refund voucher?
A registered person shall issue a refund voucher, in case
He had earlier issued the receipt voucher, for some supply to be made
but subsequently no supply is made or no tax invoice is issued,
and the advance is refunded.
REFUND VOUCHER
21. What is Payment voucher?
A registered person who is liable to pay Tax :-
Under reverse charge basis, as specified u/s 9(3) or
In respect to goods or service received by him from unregistered supplier, as specified u/s 9(4)
Shall issue a Payment Voucher to the supplier
PAYMENT VOUCHER
1. Name, address and GSTIN of the supplier;
2. A consecutive serial number, containing
alphabets or numerals or special
characters, unique for a financial year;
3. Date of its issue;
4. Name, address and GSTIN or UIN, if
registered, of the recipient;
5. Description of goods or services
6. Amount paid;
7. Rate of tax
8. Amount of tax payable
9. Place of supply along with the name of
State and its code in case of a supply in the
course of inter-State trade or commerce
10.Signature or digital signature of the
supplier or his authorized representative
What is the content of Payment Voucher?
gst@asija.inGST Wing | Asija & Associates LLP
22. What are the time lines for issuance of these vouchers?
• Receipt Voucher - At the time of receipt of advance payment
• Refund Voucher - At the time of refund of advance payment received
• Payment Voucher - At the time of payment made under reverse charge or unregistered
supplier.
What if at the time of receipt of advance payment, rate of tax or nature of supply is
not known?
Where, at the time of receipt of advance payment,
• Rate is not determinable: tax shall be paid at 18%
• Nature of supply is not determinable: shall be treated as inter-state supply
VOUCHERS
gst@asija.inGST Wing | Asija & Associates LLP
23. gst@asija.inGST Wing | Asija & Associates LLP
DEBIT / CREDIT NOTE
When to issue Debit note?
A registered person may issue a Debit Note to the recipient,
to whom Tax Invoice has been issued,
If the taxable value or tax charged in the tax invoice is less than the actual taxable
value or tax charged.
When to issue Credit note?
A registered person may issue a Credit Note to the recipient,
To whom Tax Invoice has been issued, when: -
Taxable value or tax charged in the tax invoice exceeds the actual taxable
value or tax charged
Goods supplied are returned or
Goods or services are found deficient.
24. 1. Name, address and GSTIN of the supplier;
2. Nature of document
3. A consecutive serial number, containing
alphabets or numerals or special
characters, unique for a financial year;
4. Date of its issue;
5. Name, address and GSTIN or UIN, if
registered, of the recipient;
6. Serial number and date of the
corresponding tax invoice or, as the case
may be, bill of supply
gst@asija.inGST Wing | Asija & Associates LLP
What is the content of Debit / Credit Note?
DEBIT / CREDIT NOTE
7. Name and address of the recipient and
the address of delivery, along with the
name of state and its code, if such
recipient is un-registered
8. Value of taxable supply of goods or
services, rate of tax and the amount of
the tax credited or, as the case may be,
debited to the recipient;
9. Signature or digital signature of the
supplier or his authorized representative
25. NOTE:-
Any Invoice or debit note issued in pursuance of section 74 / 129 / 130 shall
prominently contain the words “Input Tax Credit Not Admissible”
Any registered person who issues a debit note shall declare the details of such
debit note in the return for the month during which such debit note has been
issued.
Any registered person who issues a credit note shall declare the details of such
credit note in the return for the month during which such credit note has been
issued
But not later than September following the end of the financial year in
which such supply was made, or
The date of furnishing of the relevant annual return, whichever is earlier.
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DEBIT / CREDIT NOTE
26. What is a Delivery Challan?
It is a document which is to be used by the consignor for transportation of goods to
consignee without issue of invoice, for the following purpose:
supply of liquid gas where the quantity at the time of removal from the place of
business of the supplier is not known,
transportation of goods for job work,
transportation of goods for reasons other than by way of supply
What is the content of Delivery Challan?
1. Date and number of the delivery challan
2. Name, address and GSTIN of the consigner, if
registered
3. Name, address and GSTIN or UIN of the
consignee, if registered,
4. HSN code and description of goods
5. Quantity
6. Taxable value
7. Tax rate and tax amount
8. Place of supply, in case of inter-State
movement
9. Signature.
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DELIVERY CHALLAN
27. a)“Original for
b)Consignee”
a)“Duplicate for
Transporter”
a)“Triplicate for
b)Consigner”
Delivery Challan has to be issued in how
many copies?
It shall be in issued in Triplicate,
To be marked separately
Nomenclature to be used as shown
in image
Note: - Details of goods transported on
Delivery Challan shall be declared
in FORM[WAYBILL].
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DELIVERY CHALLAN
28. Where a taxable person:
Supplies goods or service without issue of invoice or issues an incorrect or false invoice
Issues any invoice or bill without supply of goods or services
Issues any invoice or document by using the registration number of another registered
person
He shall be liable to pay a penalty of Rs. 10,000/- or an amount equivalent to the tax
evaded, whichever is higher.
Any person who:
Fails to issue invoice or fails to account for an invoice in his books of account
Shall be liable to a penalty which may extend to Rs. 25,000/-
PENALTIES (Section-122 CGST Act)
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29. MISCELLANEOUS PROVISIONS
An Unregistered person shall not collect any amount by way of Tax.
In case of export of goods or services, the invoice shall carry an endorsement
“Supply Meant For Export On Payment Of Integrated Tax” or
“Supply Meant For Export Under Bond Or Letter Of Undertaking Without Payment Of
Integrated Tax” (as the case may be)
It shall contain the following details:
a) name and address of the
b) address of delivery; and recipient;
c) name of the country of destination:
Some special cases has been defined under Invoice Rule 9, with respect to Input
Service Distributor, Insurer/ Banking company and Goods Transport Agency.
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30. Are you ready to issue invoice as prescribed under GST?
Have you designed your Consecutive serial number?
Have you done KYC of your Dealers / Suppliers?
Are you ready with the HSN code of Goods or Accounting
code of Services (for both, outward & inward supplies) ?
gst@asija.inGST Wing | Asija & Associates LLP
31. THANK YOU
FOR ANY QUERIES KINDLY CONTACT OUR GST TEAM :
CA Rahul Mishra
Partner
(rahul.mishra@asija.in)
CA Amber Agrawal
Associate Director
(amber.agrawal@asija.in)
CA Prakhar Gupta
Associate Director
(prakhar.gupta@asija.in)
ASIJA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS
H.O. : 34/5 , GOKHALE MARG, LUCKNOW
PH. NO. : 0522-4004652,2205072
gst@asija.in
32. DISCLAIMER
This presentation has been prepared to provide a gist of the applicable law pertaining to
GST as issued till date. (09/07/2017)
For detailed insight and for better understanding of the various provision of the law,
the said presentation should be read along with related provision of CGST Act, IGST Act,
SGST Act & related rules.
We shall not be responsible for any decision taken on the basis of the said presentation,
without obtaining our professional guidance or consultation on the matter for which
reliance was made on this presentation.”
gst@asija.inGST Wing | Asija & Associates LLP