Kaushal Agrawal

The GST tax invoice is the most important document in GST regime. This is grand father of all document. This document can be panacea of indirect tax. Govt. thinks this document shall end corruption when filed in GST Network. Computers will work overnight to match invoice with invoice. This system hopes to weed out bad eggs.

Buying of invoice was huge set back in VAT system. Again hope this business of selling only invoice without selling goods dies in GST era.
Only 3 countries of this world has tried matching of invoice before abandoning it completely. 1. China. 2. South Korea and 3. Brazil. Reasons need to be analysed.
In this video you will understand the most important content which should be there in invoice.

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7 Comments

  1. rajendra joshi says:

    Ready made garment MRP 2000 Discount 1200 Net Amount Rs. 800
    pls. Confirm GST Rate 5% Or 12%Ready made garment MRP 2000 Discount 12000 Net Amount Rs. 800 pls. Confirm GST Rate 5% Or 12%

  2. Mithilesh says:

    As per Sec 10(1)(b) where the goods are delivered by the supplier to a recipient or any other
    person on the direction of a third person, whether acting as an agent or otherwise,
    before or during movement of goods, either by way of transfer of documents of title
    to the goods or otherwise, it shall be deemed that the said third person has received
    the goods and the place of supply of such goods shall be the principal place of business
    of such person.

    So place of supply as per the video link is not correct interpretation.

    Please feel free for any interaction

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