Tax invoice under GST

Meaning of term tax invoice under GST

 

This post explains about tax invoice under GST.

Tax invoice:

 “invoice” or “tax invoice” means the tax invoice referred to in section 31 of Central Goods and Service Tax Act, 2017.

Subject to rule 54, a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars, namely, -

  1. name, address and Goods and Services Tax Identification Number of the supplier;
  2. a consecutive serial number not exceeding sixteen characters, in one or multiple series,  containing alphabets or numerals or special characters-hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination    thereof, unique for a financial year;
  3. date of its issue;
  4. name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;
  5. name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is fifty thousand rupees or more;
  6. name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is less than fifty thousand rupees and the recipient requests that such details be recorded in the tax invoice;
  7. Harmonised System of Nomenclature code for goods or  services;
  8. description of goods or  services;
  9. quantity in case of goods and unit or Unique Quantity Code   thereof;
  10. total value of supply of goods or services or   both;
  11. taxable value of the supply of goods or services or both taking into account discount  or abatement, if any;
  12. rate of tax (central tax, State tax, integrated tax, Union territory tax or   cess);
  13. amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
  14. place of supply along with the name of the State, in the case of a supply in the course of inter- State trade or commerce;
  15. address of delivery where the same is different from the place of   supply;
  16. whether the tax is payable on reverse charge basis;  and
  17. signature or digital signature of the supplier or his authorised   representative:

The information provided here is about tax invoice under GST.  If you would you like to add more information about tax invoice under GST, share below your thoughts.

 

 


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