Nine tips on GST tax Invoice
Answers 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
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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 Lich