Section 31 of CGST Act, 2017 Tax invoice

 

 

Tax invoice, Sec 31 of CGST Act, 2017

 

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The below post explains about Tax invoice under section 31 of CGST Act,2017.

 

Section 31 of CGST Act, 2017 explains Tax invoice as below: (The amendments if any will also be updated here soon).

 

The extract of Section 31 of CGST Act,2017 quoted below:

31  Tax invoice

 

31. (1) A registered person supplying taxable goods shall, before or at the time of,—

(a) removal of goods for supply to the recipient, where the supply involves

movement of goods; or

Section 31 of CGST Act, 2017 Tax invoice(b) delivery of goods or making available thereof to the recipient, in any other

case,

issue a tax invoice showing the description, quantity and value of goods, the tax charged

thereon and such other particulars as may be prescribed:

Provided that the Government may, on the recommendations of the Council, by

notification, specify the categories of goods or supplies in respect of which a tax invoice

shall be issued, within such time and in such manner as may be prescribed.

(2) A registered person supplying taxable services shall, before or after the provision

of service but within a prescribed period, issue a tax invoice, showing the description, value,

tax charged thereon and such other particulars as may be prescribed:

Provided that the Government may, on the recommendations of the Council, by

notification and subject to such conditions as may be mentioned therein, specify the categories

of services in respect of which––

(a) any other document issued in relation to the supply shall be deemed to be a

tax invoice; or

(b) tax invoice may not be issued.

(3) Notwithstanding anything contained in sub-sections (1) and (2)––
(a) a registered person may, within one month from the date of issuance of

certificate of registration and in such manner as may be prescribed, issue a revised

invoice against the invoice already issued during the period beginning with the effective

date of registration till the date of issuance of certificate of registration to him;

(b) a registered person may not issue a tax invoice if the value of the goods or

services or both supplied is less than two hundred rupees subject to such conditions

and in such manner as may be prescribed;

(c) a registered person supplying exempted goods or services or both or paying

tax under the provisions of section 10 shall issue, instead of a tax invoice, a bill of

supply containing such particulars and in such manner as may be prescribed:

Provided that the registered person may not issue a bill of supply if the value of

the goods or services or both supplied is less than two hundred rupees subject to

such conditions and in such manner as may be prescribed;

(d) a registered person shall, on receipt of advance payment with respect to any

supply of goods or services or both, issue a receipt voucher or any other document,

containing such particulars as may be prescribed, evidencing receipt of such payment;
(e) where, on receipt of advance payment with respect to any supply of goods or

services or both the registered person issues a receipt voucher, but subsequently no

supply is made and no tax invoice is issued in pursuance thereof, the said registered

person may issue to the person who had made the payment, a refund voucher against

such payment;

(f) a registered person who is liable to pay tax under sub-section (3) or

sub-section (4) of section 9 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;

(g) a registered person who is liable to pay tax under sub-section (3) or subsection

(4) of section 9 shall issue a payment voucher at the time of making payment to

the supplier.

(4) In case of continuous supply of goods, where successive statements of accounts

or successive payments are involved, the invoice shall be issued before or at the time each

such statement is issued or, as the case may be, each such payment is received.

(5) Subject to the provisions of clause (d) of sub-section (3), in case of continuous

supply of services,––

(a) where the due date of payment is ascertainable from the contract, the invoice

shall be issued on or before the due date of payment;

(b) where the due date of payment is not ascertainable from the contract, the

invoice shall be issued before or at the time when the supplier of service receives the

payment;
(c) where the payment is linked to the completion of an event, the invoice shall

be issued on or before the date of completion of that event.

(6) In a case where the supply of services ceases under a contract before the completion

of the supply, the invoice shall be issued at the time when the supply ceases and such

invoice shall be issued to the extent of the supply made before such cessation.

(7) Notwithstanding anything contained in sub-section (1), where the goods being

sent or taken on approval for sale or return are removed before the supply takes place, the

invoice shall be issued before or at the time of supply or six months from the date of removal,

whichever is earlier.

Explanation.––For the purposes of this section, the expression “tax invoice” shall

include any revised invoice issued by the supplier in respect of a supply made earlier.

 

The above information clarifies about Tax invoice under section 31 of CGST Act,2017.  

 

If you have any comments about Section 31 of CGST Act, 2017 explaining Tax invoice, share below your thoughts:

 

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Comments


Lalit Singh: Can we supply our bike to our sub dealer on delivery challan in a month ? I am working as Accountant in a Two wheeler dealership. Please suggest.

martin mj: informative

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