Tax Invoice

Invoices under GST
Tax Invoice
CA. Kapil Mittal

Invoices under GST

Tax invoice is issued by the registered person while making a taxable supply and it contains all details related to supply such as Details of supplier, buyer, details of products, GST Charged, transporters details. Hence, unregistered persons cannot issue a tax invoice under GST.

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Reverse Charge under gst
Blog
CA. Sachin Jindal

A Close Insight into Reverse Charge Under GST (RCM)

Under Goods and Service Tax (“GST”), generally, a supplier of goods and services is liable to pay GST for the supplies, i.e., at the time of supply of goods or service supplier charges GST over sales consideration and collect the same from recipient and by due date deposit such GST amount to the account of government  On the contrary, in the case of Reverse Charge Mechanism (“RCM”) under GST, the recipient himself is liable to pay the tax for goods and services received by him instead of the supplier. Therefore, the recipient is liable for all compliance under GST. Here

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E-Invoice
Blog
CA. Kapil Mittal

Electronic Invoice under GST|Detailed Discussion on E-Invoice

Electronic Invoice or E-invoicing under Goods and Service Tax (“GST”) is in discussion since long time and GST Council has decided to implement e-invoicing system in a phased manner with effect from 1st January, 2020 on Voluntary Basis. However e-invoicing under GST is mandatory application from 1st October 2020 for tax payer having turnover more than 500 cr. In this article we have made an attempt to discuss concept of electronic invoice in detail and we will cover various topics such as what is the need of electronic invoice? What is the process of generation of electronic invoice? Benefits of

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