Invoice & Payment of Tax under GST

K.Vijaya Kumar, Asst.Comr. Belgaum
C.Excise

(1) A registered taxable person supplying taxable goods
shall, before or at the time of,-
(a) removal of goods for supply to the recipient, where the
supply involves movement of goods,
or
(a) delivery of goods or making available thereof to the
recipient, in any other case.
issue a tax invoice
A registered taxable person supplying taxable services shall,
before or after the provision of service but within a period
prescribed in this behalf, issue a tax invoice.
IN RESPECT OF SUPPLY OF GOODS
IN RESPECT OF SUPPLY OF SERVICES
C.Excise

issue a tax invoice showing :
the description,
quantity,
value of goods or services,
the tax charged thereon, and
such other particulars as may be prescribed:
What invoice should contain ?
1. GSTIN:
2. Name:
3. Address:
4. Serial No. of Invoice:
5. Date of Invoice:
C.Excise

Details of Receiver
(Billed to)
Name:
Address:
State:
State Code:
GSTIN/Unique ID
Details of consignee
(shipped to)
Name:
Address:
State:
State Code:
GSTIN/Unique ID
1. GSTIN:
2. Name:
3. Address:
4. Serial No. of
Invoice:
5. Date of Invoice:
What Invoice should contain ?
issue a tax invoice showing :
the description,
quantity,
value of goods or services,
the tax charged thereon, and
 such other particulars as may be prescribed:
C.Excise

Sr
No
Description
of goods HSN Qty Unit
Rate
Per
item
Total Discount Taxable
Value
CGST SGST IGST
Rate Amt Rate Amt Rate Amt
Freight
Insurance
Packing and forwading charges
TOTAL
Total Invoice value (in figure)
Total Invoice value (in words)
Amount of Tax subject to Reverse charge
C.Excise

Sr
No
Description
of goods HSN Qty Unit
Rate
Per
item
Total Discount Taxable
Value
Freight
Insurance
Packing and forwading charges
TOTAL
Total Invoice value (in figure)
Total Invoice value (in words)
Amount of Tax subject to Reverse charge
C.Excise

CGST SGST IGST
Rate Amt Rate Amt Rate Amt
C.Excise

TIME LIMIT FOR ISSUING TAX
INVOICE
 In normal case, the tax invoice (for
services) shall be issued within 30
days from the date of supply of
service.
 In case of continuous supply of
services, invoice shall be issued
within 30 days from the date when
each event specified in the
contract, which requires the
recipient to make any payment to
the supplier of services, is
completed.
C.Excise

Tax not to be collected by
unregistered taxable person
A person who is not a registered
taxable person shall not collect in
respect of any supply of goods and/or
services any amount by way of tax
under the CGST/SGST Act.
No registered taxable person shall
make any such collection except in
accordance with the provisions of this
Act and the rules made thereunder.
C.Excise

Where a tax invoice has been issued, -
 found to exceed the taxable value and/or tax
payable,
 or where the goods supplied are returned by
the recipient,
 or where services supplied are found to be
deficient,
The registered taxable person, may issue to the
recipient a credit note containing such particulars.
Any registered taxable person who issues a credit
shall declare the details of such credit note in the
return for the month.
C.Excise

 Where a tax invoice has been issued is found to be less
than the taxable value and/or tax payable.
 The taxable person shall issue to the recipient a debit
note containing such particulars.
 ‘Debit Note’ shall include a supplementary invoice.
 Any registered taxable person who issues a debit note
shall declare in the return for the month during which
such debit note has been issued.
 The tax liability shall be adjusted in the manner specified
in this Act.
C.Excise

PAYMENT OF TAX
C.Excise

Every deposit made (T, I, P, F, & O)
by a taxable person by internet
banking or by using credit/debit
cards or NEFT or RTGS or by any
other mode, shall be credited to the
ELECTRONIC CASH LEDGER of
such person.
The input tax credit as self-assessed
in the return of a taxable person shall
be credited to his ELECTRONIC
CREDIT LEDGER.
C.Excise

 The amount available in the electronic cash ledger
may be used for making any payment towards tax,
interest, penalty, fees or any other amount payable.
 The amount available in the electronic credit ledger
may be used for making any payment towards output
tax payable.
 The input tax credit on account of CGST shall not be
utilized towards payment of SGST.
 The input tax credit on account of SGST shall not be
utilized towards payment of CGST.
 The balance in the cash or credit ledger after
payment of T,I,P,F & O may be refunded in accordance
with the provisions of law.
C.Excise

 Every person liable to pay tax who fails to pay the
tax or any part thereof to the account of the
Central or a State Government Within the period
prescribed, shall, on his own.
 The interest shall be calculated from the first day
on which such tax was due to be paid.
 In case a taxable person makes an undue or
excess claim of input tax credit, or undue or
excess reduction in output tax liability he shall be
liable to pay interest.
C.Excise

All liabilities of a taxable person
under this Act shall be recorded and
maintained in an ELECTRONIC
LIABILITY REGISTER (ELR) as may be
prescribed.
The ELR shall be maintained
in FORM GST PMT-1
C.Excise

SlNo
Date(dd/mm/yyyy)
ReferenceNo.
Description
TypeofTransaction
(Debit(DR)
SGST/CGST/IGST
Balance (Payable)Tax
Interest
Penalty
Fee
Others
Total
Tax
Interest
Penalty
Fee
Others
Total
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
ELECTRONIC TAX LIABILITY REGISTER
Form GST PMT-1
C.Excise

The electronic credit ledger shall be
maintained in FORM GST PMT-2 for
each registered taxable person on the
Common Portal.
Every claim of input tax credit shall be
credited to the said Ledger.
The electronic credit ledger shall be
debited to the extent of discharge of any
liability.
Where a registered taxable person has
claimed refund of any unutilized amount
from the electronic credit ledger, the
amount to the extent of the claim shall
be debited. K.Vijaya Kumar, Asst.Comr. Belgaum
C.Excise

SlNo
Date(dd/mm/yyyy)
ReferenceNo.
TaxPeriod,ifapplicable
Description
TypeofTransaction
SGST/CGST/IGST Balance
Matched
Mismatched
Provisional
Total
Matched
Mis-matched
Provisional
Total
1 2 3 4 5 6 7 8 9 10 11 12 13 14
ELECTRONIC CREDIT LEDGER Form GST PMT-2
C.Excise

The deposit shall be made through any of the following modes:
 Internet Banking through authorized banks;
 Credit card or Debit card
 National Electronic Fund Transfer (NeFT) or Real Time
Gross Settlement (RTGS) from any bank;
 Over the Counter payment (OTC) through authorized banks
for deposits up to ten thousand rupees.
The electronic cash ledger shall be maintained in FORM
GST PMT-3 for each registered taxable person on the
Common Portal for crediting the amount deposited and
debiting the payment therefrom towards tax, interest,
penalty, fee or any other amount.
C.Excise

SlNo
Date(dd/mm/yyyy)
ReferenceNo.
TaxPeriod,
Description
TypeofTransaction
SGST/CGST/IGST
Balance
Tax
Interest
Penalty
Fee
Others
Total
Tax
Interest
Penalty
Fee
Others
Total
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
ELECTRONIC CASH LEDGER
FORM GST PMT-3
C.Excise

Invoice & Payment of Tax under GST

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