Category: Tax Invoice

The tax invoice issued by an ISD shall contain the following details:
(a) Name, address, GSTIN of the ISD
(b) Consecutive Serial Number unique for a financial year having alphabets/ numerals and special characters being “-“ or “ / “ only
(c) Date of Issue
(d) Name, address, GSTIN of the recipient to whom credit is being distributed
(e) Amount of Credit Distributed
(f) Signature/Digital Signature of the ISD or his authorised representative.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 34)

Yes. In case of the supplier being a Banking Company or a Financial Institution
including NBFC or an insurer, the tax invoice would be treated as complete if it contains other information in terms of Rule 46 of CGST Rules, even in the following cases:
 The invoice is not serially numbered;
 The invoice does not contain the address of the recipient of taxable supply.
Also, they may issue an invoice within 45 days from the date of supply of service (as against 30 days in other cases).

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 35)

Only a registered person can issue a tax invoice. Section 32 of the CGST Act, 2017 also specifically prohibits collection of tax by persons who are not registered under the GST law.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 15)

 

In case of such suppliers, a tax invoice will include a ‘ticket’. The invoice would be treated as complete if it contains other information in terms of Rule 46 of the CGST Rules except in the following cases:
 The invoice is not serially numbered;
 The invoice does not contain the address of the recipient of taxable supply.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 36)

In case of banking companies, financial institutions including NBFCs, the time limit for issuing an invoice is extended to 45 days (as against 30 days in respect of other supplier) from the date of supply of service.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 14)

 

The invoice should be prepared in triplicate. The original is for the recipient, the duplicate for the transporter and the triplicate for the supplier. The copies should be marked as ‘ORIGINAL FOR RECIPIENT’, ‘DUPLICATE FOR TRANSPORTER’ and ‘TRIPLICATE FOR SUPPLIER’, as the case may be.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 37)

1. Yes. An Input Service Distributor (ISD) should issue a tax invoice being an ‘ISD invoice’ for distributing credits to the GST registrations that have the same PAN as that of the ISD.
2. Such invoice will be different from invoices reflecting supply of goods or services (refer Invoice Rules). This is a document required under Section 20 of the CGST Act, 2017.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 13)

 

Receipt voucher is a document issued as per Section 31(3)(d) when advance is
collected/- received in relation to supply of Goods or Services.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE , CREDIT AND DEBIT NOTES: FAQ NO. 39)