What are invoices |
Who isrequired to issue invoices |
Other documents in GST |
Fine for not issuing |
Tax Invoice Format |
Bill of supply format |
Payment Voucher Format |
Receipt Voucher format |
Refund Voucher Format |
Revised Invoice Format |
Debit / Credit Note Format |
Fine for not issuing
No Invoicing
Remember this would lead to a punishable offence under GST . A Penalty higher of 100% of tax due or Rs.10,000 may be charged. Please note that these are only basic penalties other penalties may also become leviable in certain circumstances.
Wrong Invoicing
Remember this would lead to a punishable offence under GST . A Penalty Rs.25,000 may be charged. Please note that these are only basic penalties other penalties may also become leviable in certain circumstances.
What are invoices
The Invoices are the main document in GST. All calculations and payments are done as per invoices. Invoicing requirements are written in Chapter VII of CGST Act, 2017 and Chapter VI of CGST Rules, 2017.
Tax Invoice: A Document which contains the particulars of good, services, supplier, recipient, Types of goods, HSN of Goods and services, time and place of supply details, the amount of tax and its bifurcation etc.
Bill of Supply: Similar to the tax invoice but issued by composition dealer. These documents act act as a proof of goods or services being supplied
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