Tax invoice under GST

Posted on 10 June 2022 Category : GST terms

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, -

name, address and Goods and Services Tax Identification Number of the supplier;
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;
date of its issue;
name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;
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;
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;
Harmonised System of Nomenclature code for goods or services;
description of goods or services;
quantity in case of goods and unit or Unique Quantity Code thereof;
total value of supply of goods or services or both;
taxable value of the supply of goods or services or both taking into account discount or abatement, if any;
rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
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;
address of delivery where the same is different from the place of supply;
whether the tax is payable on reverse charge basis; and
signature or digital signature of the supplier or his authorised representative:

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