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 |
Other documents in GST
Tax Invoice: Issued when goods or services are supplied
Bill of Supply: Issued by Composition dealer when goods or services are supplied
Receipt voucher: Issued by registered person , on receipt of advance payment with respect to any supply of goods or services evidencing receipt of such payment
Refund voucher: Issued by registered person If advance payments are received and subsequently supply were not made and amount was refunded.
Payment voucher: A registered person who is liable to pay tax under sub-section (3) or sub-section (4) of section 9 (Reverse Charges) shall issue a payment voucher at the time of making payment to the supplier.
Credit note: Where a tax invoice has been issued for supply of any goods or services and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who has supplied such goods or services or both, may issue to the recipient a credit note
Debit note: Where a tax invoice has been issued for supply of any goods or services and the taxable value or tax charged in that tax invoice is found to be less than the taxable value or tax payable in respect of such supply, the registered person, who has supplied such goods or services or both, shall issue to the recipient a debit note.
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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