9 Important facts about GST Tax Invoice

 

Nine tips on GST tax Invoice

9 Important facts about GST Tax InvoiceAnswers on frequently asked questions  about GST Tax Invoice

1) GST taxpayers will be at liberty to design the format of their invoice.

2) GST law however mentions certain categories that must be in the invoice.

3) The prescribed time period for the issue of invoices will vary with different good and services. In the case of goods, it is at any time before the delivery of the good. In the case of services, it is within 30 days from the date of supply of services.

4) For small taxpayers making transactions worth Rs 200 (at max) per transaction to unregistered customers do not need to issue invoice for every such truncation. They can make do with one consolidated invoice containing details of all such transactions made at the end of the day. However, they should be able to issue the invoice whenever the customer demands.

5) The GSTN provides an invoice reference number to the taxpayer. If he has generated this number, his goods do not need to be accompanied by the paper copy of invoice during transportation of his goods as opposed to the existing rule. This mechanism will help to address frequently reported issues like misplacement or damage of paper invoices in the course of transportation of goods.

6) The GST law mandates that taxpayers with an annual turnover of up to Rs 1.5 crore need to mention the HSN Code of the goods in the invoices. This has been done to keep compliance burden low for small taxpayers.

7) As a large number of transactions are made in the banking, insurance and passenger transport sector every day, taxpayers do not need to mention the customer’s address and the serial number in their invoices.

8) In cases where the goods have been transported for delivery but the quantity to be supplied is unknown at the time of removal, the goods may be removed using the delivery challan and the invoice may be issued post the delivery.

9) The law does not require the taxpayer to issue a separate Bill of supply if VAT invoice is issued for non-taxable supplies.

Nil rate of GST on sale of Onions

Nil rate of GST on sale of shallots

No need to pay GST on sale of garlic

Zero rate of GST on sale of kohlrabi

No need to pay GST on purchase of kale and similar edible brassicas

Nil rate of GST on sale of cauliflowers

Nil rate of GST on sale of Cabbages

Nil rate tariff of GST on sale of Fresh Lettuce

Zero rate of GST on purchase of Fresh chicory

Zero rate of GST on sale of turnips

No need paying GST on sale of salsify

No GST on purchase of edible roots

No need to pay GST on sale of radishes

Nil rate of GST on sale of celeriac

No need to pay GST on purchase of salad beetroot

Nil tariff GST on sale of gherkins

Zero percentage GST on Cucumbers

No need to pay GST on sale of Leguminous

Zero percentage of GST on sale of whole vegetables

No GST on sale of sliced vegetables

No need to pay GST on sale of vegetables in powder

Zero percentage GST on Dried vegetables

No GST payable on sale of cut vegetables

Nil tariff GST on sale of broken vegetables

4 Frequently asked questions about GSTIN registration and answers

GST rate payable on goods or service, click here

Click here to know GST exemption list of goods and service

Find HSN number or Service tariff code for GST

How to export your goods?

How to get Export Order?

GST applicable rate on goods under HSN Chapter 17

GST on Tanned or crust hides and skins of bovine or equine animals

GST on goods under HSN Chapter 87

GST rate applicable for goods under HSN Chapter 66

GST on goods under HSN Chapter 14

GST rate applicable for goods under HSN Chapter 20

GST scheduled rate on Wooden frames for paintings

GST on goods under HSN Chapter 51

GST on Base metal mountings, filing cabinets, of base metal falls


GST applicable rate on goods under HSN Chapter 37

GST rate applicable for goods under HSN chapter 83

GST on goods under HSN Chapter 38

GST imposed rate on Leather Gloves for sports

GST applicable rate on goods under HSN Chapter 32

GST rate tariff for Crocheted fabrics and knitted fabrics

GST on goods under HSN Chapter 60

GST slab rate on Cement, mica, asbestos and stone

GST rate applicable for goods under HSN Chapter 68

GST on PSUs and Government entities

 GST on Registration for Job workers 

Zero percentage GST on purchase of arrowroot

Nil tariff GST on sale of Coconuts

Reduced on sale or purchase of Cashew nut

Lowered down GST amount of rate on Cashew nut in shell

Nil rate of GST on sale of walnuts

Nil rate of GST on purchase of Pistachios

No need to pay GST on sale of Macadamia nuts

No need to pay GST on sale of Hazelnuts or filberts

No need to pay GST on sale of Areca nuts

Zero rate of GST on sale of Almonds

Nil tariff GST on sale of Kola nuts

No GST on purchase of Chestnuts

No need to pay GST on sale of plantains

Nil rate of GST on sale of Bananas

No need to pay GST on pineapples

Zero rate of GST on sale of mangosteens

Zero rate of GST on sale of guavas

No need to pay GST on purchase of figs

No need to pay of GST on sale of Dates

Nil rate tariff of GST on avocados

No need to pay GST on sale of mangoes

Zero percentage of GST on sale of limes

Zero rate of GST on sale of Lemons

No need to pay GST on sale of Grapefruit, including pomelos

Zero percentage of GST on sale of clementines

Nil rate of GST on sale of Citrus fruit, such as Oranges, Mandarins

Zero rate of GST on sale of wilkings and similar citrus hybrids

Narrowed payable GST on Raisin

Nil rate of GST on sale of Grapes

Zero rate of GST on purchase of Melons

Nil tariff of GST on sale of pears and quinces

Nil tariff of GST on sale of Apples

No need to pay GST on sale of plums and sloes

Nil rate of GST on sale of peaches

Nil rate of GST on sale of cherries

Nil tariff GST on sale of Apricots

Nil rate of GST on sale of Custard-apple or ata

Tamarind is sales on No need to pay GST

No GST payable on sale of fresh strawberries

No need to pay GST on Sapota (chico)

No GST on sale of raspberries

Zero rate of GST on sale of Pomegranates

Zero rate of GST on sale of cranberries

Nil rate tariff of GST on Persimmons

No need pay GST on sale of mulberries

Zero rate of GST on purchase of loganberries

Zero percentage of GST on sale of Bore

Zero rate of GST on sale of Lichi


Comments


Gopal A : We r Mumbai based co having Gst Reg . We hv taken a contract in Bangalore for design and supply of furniture . Client is based in Mumbai . We r buying some material from Bangalore dealer . Can we ask him to supply material in Bangalore and bill us on mumbai under Igst . Do reply . We will be billing the client in mumbai on Sgst / cgst .

DEBASIS PANJA : I have booked a flat at Shankarpur from Ashiyana Residency Durgapur 713206. I suspect they have issued forged invoice. How can I confirm the genuinity of the same. My mobile number 8967879461.

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