Category: Tax Invoice

Yes. Where a supply of service ceases before its completion, an invoice has to be issued at the time the supply ceases, i.e., on the 10th day. The invoice shall be issued to the extent of the service provided before its cessation. (Section 31(6) of the CGST Act,2017).

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 12)

 

The above instance is a case of continuous supply of services. Here, since the payment is linked to completion of an event (i.e., milestones set in the contract), an invoice should be raised on or before the due date of completion of event as per section 31(5)(c) of the CGST Act, 2017. Therefore, an invoice be raised on or before completion of the 1st floor and the second time on or before the completion of 2nd floor.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 10)

 

For supply of Services, only two copies of the invoice is sufficient. The original is for the recipient and the duplicate for the supplier.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CRDIT AND DEBIT NOTES: FAQ NO. 41)

Given that the contract is for a period exceeding 3 months, to provide services on a continuous/ recurrent basis, the supply will be treated as a continuous supply of services. As the due date of payment is ascertainable from the contract, the invoice has to be raised on or before the due date of payment. (Section 31(5)(a) of the CGST Act).

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 10)

 

The invoice rules require that the serial number should be consecutive and unique for a financial year. Hence, restarting the serial number of the invoice or ‘bill of supply’ on a daily basis would not be considered appropriate.

(ICAI FAQ PUBLCATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 42)

Yes, the requirements are the same but for one:- In case of supplies to unregistered persons, along with the name, address of the recipient and the address of delivery, the name of the State and its code will also have to be mentioned in the invoice, in case of every supply where the taxable value is ` 50,000 or more.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 43)

As per Rule 47 of the CGST Rules, 2017 (Chapter VI- Tax Invoice, Credit and Debit Notes), Invoice has to be raised within 30 days of supply of service.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 9)

 

Where the tax liability is cast on the recipient, either:
 in case of specified categories of supply of goods or services or both notified by the Government
OR
 where the supplier of goods or services or both is unregistered, the recipient shall issue:
 an invoice in respect of goods or services or both received by him from the supplier who is not registered on the date of receipt of goods or services or both;
 a payment voucher at the time of making payment to the supplier.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 8)

 

The Board/Commissioner by notification may specify the number of digits of HSN code for goods or Accounting Code for Services that a class of registered persons shall be required to mention, for such period as may be specified in the said notification.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOCIE, CREDIT AND DEBIT NOTES: FAQ NO. 44)

1. In such cases, as per section 31(7) of the CGST Act, 2017, tax invoice need not be raised at the time of removal.
2. This is because it is not certain (at the time of dispatch of goods) that the sending of goods will result in a ‘supply’.
3. However, on or before the confirmation of the supply by the other party, the tax invoice has to be issued.
4. The law provides a time limit of 6 months from the date of removal, during which the goods will not be treated as supplied.
5. Where no confirmation is received within such period, a tax invoice should be issued on the day immediately succeeding the 6-month period.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 7)