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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E-Invoice
Tax Invoice
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 made mandatory for tax payer having turnover of more than 500 cr in preceding Financial year with effect from 1st October 2020 and later the tax payer with turnover 50 cr need to generate mandatory einvoicing from 1st April 2021 onwards.

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Information on Tax Invoice - GST
Circulars
CA. Sachin Jindal

Missing information in Tax Invoice leads to Penalties u/s 125 and 122

Department has instructed vide circular 90/09/2019-GST dated 18th February, 2019 that all registered taxpayers are required to mention place of supply and name of state on tax invoice while making inter-state supply. Contravention will lead to invocation of penalty proceedings against taxpayer under section 122 or 125 of CGST Act.

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