Showing posts with label Tax Invoice. Show all posts
Showing posts with label Tax Invoice. Show all posts

Friday 7 July 2017

Bill of Supply to be Issued instead of Tax Invoice

A registered person shall issue bill of supply instead of Tax Invoice in the following cases:-
  • A registered taxable person supplying exempted goods or services or both.
  •  Paying tax under the provisions of section 10 (composition scheme) 

Tuesday 4 July 2017

Manner of Issuing Invoice

Invoice shall be prepared in triplicate, in case of supply of Goods
in the following manner:-
  1. Orignal Copy    - For Receipient

Saturday 1 July 2017

Details Required to be mentioned in Tax Invoice under GST

Sn.Items Required to be mentioned on Bill
1Name,Address and GSTIN Of the Supplier
2Seriel Number not exceeding sixteen characters.
3Date of its issue
4Name,address and GSTIN or UIN,if registered,of the Recipient
5Name 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 where the value of taxable supply is fifty thousand rupees or more.

Wednesday 21 June 2017

HSN Code or ACS Code to be Mentioned in Invoice

Invoice is  required to have HSN Code of goods or Accounting Code of Services(ASC).For this purpose taxable persons are classified in 3 catrgories:-

S.No. Turnover Digits of HSN or SAC Code Required
1 Less than Rs 1.50 Crores  Not required to be mentioned
2 Turnover between Rs.1.50 to Rs.5 crores 2 Digit HSN Code
3 Turnover Above 5 Crores Minimum 4 digits

For Export Goods 8 Digit