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 |
Who isrequired to issue invoices
A registered person supplying taxable goods or taxable services must issue the documents applicable to them. If the value of supply calculated as per applicable provisions is less than Rs 200.00 then person may not issue tax invoices or bill of supply for that supply. However it is good practice to issue invoices for even a single rupee.
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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