Tax Invoice Services in Mohan Garden New Delhi India

Invoice rules under GST

The person who is registered as a composition taxpayer shall at the top of the bill of supply issued by him, mention the words - "not eligible to collect tax on supplies" because person registered as the composite taxpayer is not eligible to collect tax on the supplies from his buyer .

Those not eligible for the Composition Scheme include:

Service providers
Suppliers of non-taxable goods
Those engaged in supply of goods through an eCommerce operator
Manufacturers of notified goods
Casual taxable persons or non-resident persons

A taxpayer whose turnover is below Rs 75 lakhs can opt in for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is Rs 50 lakh.

A tax invoice issued by the registered person containing the following particulars, namely

1. name, address and Goods and Services Tax Identification Number of the supplier;

2. date of its issue;

3. a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special charactershyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year;

4. name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;

5. name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is fifty thousand rupees or more;

6. Harmonised System of Nomenclature code for goods or services;

7. description of goods or services;

8. total value of supply of goods or services or both;

9. rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);

10. signature or digital signature of the supplier or his authorised representative:

Time limit for issuing tax invoice

1.In the case of the taxable supply of services, shall be issued within a period of thirty days from the date of the supply of service.

2 in case of supplier of services is an insurer or a banking company or a financial institution, including a non-banking financial company, the period within which the invoice or any document in lieu thereof is to be issued shall be forty five days from the date of the supply of service .

3. In case of supplying taxable as well as exempted goods than invoice must be raise at the time of removal of goods for your premises.

Manner of issuing invoice

The invoice shall be prepared in triplicate, in case of supply of goods, in the following manner:–

the original copy being marked as ORIGINAL FOR RECIPIENT;
the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
The triplicate copy being marked as TRIPLICATE FOR SUPPLIER.
The invoice shall be prepared in duplicate, in case of supply of services, in the following manner:-
the original copy being marked as ORIGINAL FOR RECIPIENT; and
The duplicate copy being marked as DUPLICATE FOR SUPPLIER.
The serial number of invoices issued during a tax period shall be furnished electronically through the Common Portal in FORM GSTR-1.

Contents of Bill of Supply

A bill of supply referred to in clause (c) of sub-section (3) of section 31 shall be issued by the supplier containing the following details:-

Name, address and GSTIN of the supplier;
A consecutive serial number, in one or multiple series, containing alphabets or numerals or special characters -hyphen or dash and slash symbolised as “-” and “/”respectively, and any combination thereof, unique for a financial year;
Date of its issue ;
Name, address and GSTIN or UIN, if registered, of the recipient;
HSN code of goods or accounting code of services;
Description of goods or services or both;
value of supply of goods or services or both taking into account discount or abatement, if any; and
signature or digital signature of the supplier or his authorized representative:

Provided that the provisos to rule 1 shall., mutatis mutandis, apply to the bill of supply issued under this rule.

Invoice in case of continuous supply of services

In case of continuous supply of services, where:

(a) The due date of payment is as certainable from the contract, the invoice shall be issued on or before the due date of payment.

(b) The due date of payment is not as certainable from the contract, the invoice shall be issued before or at the time when the supplier of service receives the payment.

(c) The payment is linked to the completion of an event, the invoice shall be issued on or before the date of completion of that event.

Time limit in case of Sale on approval basis

Where the goods being sent or taken on approval for sale or return are removed before the supply takes place, the invoice shall be issued before or at the time of supply or six months from the date of removal, whichever is earlier.

Tax invoice in Special Cases

An ISD invoice or, as the case may be, an ISD credit note issued by an Input Service Distributor shall contain the following details:

(a) Name, address and GSTIN of the Input Service Distributor

(b) A consecutive serial number containing alphabets or numerals or special characters like hyphen or dash and slash symbolised as , “-”, “/”, respectively, and any

combination thereof, unique for a financial year

(d) Name, address and GSTIN of the recipient to whom the credit is distributed

(e) Amount of the credit distributed

(f) Signature or digital signature of the Input Service Distributor or his authorized representative

transportation of goods without issue of invoice

There will be some of case where no bill is required for the transportation of the goods
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, or
Such other supplies as may be notified by the Board,

The consigner may issue a delivery challan, serially numbered, in lieu of invoice at the time of removal of goods for transportation, containing following details:

Date and number of the delivery challan,
Name, address and GSTIN of the consigner, if registered,
Name, address and GSTIN or UIN of the consignee, if registered,
HSN code and description of goods,
Quantity (provisional, where the exact quantity being supplied is not known),
Taxable value
Tax rate and tax amount – central tax, State tax, integrated tax, Union territory tax or cess, where the transportation is for supply to the consignee,
Place of supply, in case of inter-State movement, and Signature.

The delivery challan shall be prepared in triplicate, in case of supply of goods, in the following manner:–

The original copy being marked as ORIGINAL FOR CONSIGNEE;
The duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
The triplicate copy being marked as TRIPLICATE FOR CONSIGNER.
Where goods are being transported on a delivery challan in lieu of invoice, the same shall be declared in FORM [WAYBILL].
Where the goods being transported are for the purpose of supply to the recipient but the tax invoice could not be issued at the time of removal of goods for the
purpose of supply, the supplier shall issue a tax invoice after delivery of goods.
Where the goods being transported are for the purpose of supply to the recipient but the tax invoice could not be issued at the time of removal of goods for the purpose of supply, the supplier shall issue a tax invoice after delivery of goods.
The supplier shall issue the complete invoice before dispatch of the first consignment;
The supplier shall issue a delivery challan for each of the subsequent consignments, giving reference of the invoice;
Each consignment shall be accompanied by copies of the corresponding delivery challan along with a duly certified copy of the invoice; and
The original copy of the invoice shall be sent along with the last consignment.

Show Less

Tax Invoice

Invoice rules under GST

Time limit for issuing tax invoice

Over 10 years of experience we’ll ensure you get the best guidance.