1. TAX INVOICES BY THE REGISTERED SUPPLIER OF TAXABLE SERVICES:
Tax Invoice shall contain the following minimum particulars:
(a) Name, address and Goods and Services Tax Identification Number of the supplier;
(b) Consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolized as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(c) Date of its issue;
(d) Name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;
(e) 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; (In the case of export, mention the country of recipient also)
(f) 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 less than fifty thousand rupees and the recipient requests that such details be recorded in the tax invoice;
(In the case of export, mention the country of recipient also)
(g Harmonized System of Nomenclature code for goods or services;
(h) Description of goods or services;
(i) Quantity in case of goods and unit or Unique Quantity Code thereof;
(j) Total value of supply of goods or services or both;
(k) Taxable value of the supply of goods or services or both taking into account discount or abatement, if any;
(l) Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
(m) Amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
(n) Place of supply along with the name of the State, in the case of a supply in the course of inter-State trade or commerce;
(o) Address of delivery where the same is different from the place of supply;
(p) Whether the tax is payable on reverse charge basis; and
(q) Signature or digital signature of the supplier or his authorized representative:
2. TAX INVOICE BY EXPORTER OF GOODS AND SERVICES:
In the case of the 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”,
3. TAX INVOICES FOR VALUE OF SUPPLY BELOW RS. 200/-
A registered person may not issue a tax invoice for supply below Rs. 200/- subject to the following conditions, namely,-
(a) the recipient is not a registered person; and
(b) the recipient does not require such invoice, and
shall issue a consolidated tax invoice for such supplies at the close of each day in respect of all such supplies.
4. TAX INVOICE FOR SUPPLIES UNDER REVERSE CHARGE:
A registered person may issue a consolidated invoice at the end of a month for supplies covered under reverse charge if the aggregate value of such supplies exceeds rupees five thousand in a day from any or all the suppliers:
5. TAX INVOICES TO HAVE FOLLOWING MARKED COPIES:
The invoice shall be prepared in triplicate, in the case of supply of goods, in the following manner, namely,-
(a) the original copy being marked as ORIGINAL FOR RECIPIENT;
(b) the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
(c) the triplicate copy being marked as TRIPLICATE FOR SUPPLIER.
The invoice shall be prepared in duplicate, in the case of the supply of services, in the following manner, namely,-
(a) the original copy being marked as ORIGINAL FOR RECIPIENT; and
(b) the duplicate copy being marked as DUPLICATE FOR SUPPLIER.
6. BILL OF SUPPLY FOR EXEMPT SUPPLIES AND COMPOSITION SUPPLY BY REGISTERED PERSON:
A bill of supply shall be issued by the supplier containing the following details, namely,-
(a) Name, address and Goods and Services Tax Identification Number of the supplier;
(b) Consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolized as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(c) Date of its issue;
(d) Name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;
(e) Harmonized System of Nomenclature Code for goods or services;
(f) Description of goods or services or both;
(g) Value of supply of goods or services or both taking into account discount or abatement, if any; and
(h) signature or digital signature of the supplier or his authorized representative:
(The author is a Jaipur based practicing Chartered Accountant and can be reached on 09829063908, [email protected])
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