https://www.taxtmi.com/article/detailed?id=7081 Registered taxable persons must issue a tax invoice for taxable supplies: at the time of supply for goods (including advances) and within prescribed time for services; invoices for goods must state description, quantity, value and tax charged, while non taxable supplies or composition dealers must issue a bill of supply. Revised invoices are required for supplies between effective registration date and issuance of registration certificate. Incorrect or delayed issuance attracts penalty under Section 66. Tax invoices are essential for claiming input tax credit and tax amounts borne by the supplier must be indicated. A proviso to section 24(1) bars issuing credit notes if tax and interest incidence has been passed to another person. en-us Mon, 14 Nov 2016 20:01:34 +0530 Mon, 14 Nov 2016 20:01:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7081 Registered taxable persons must issue a tax invoice for taxable supplies: at the time of supply for goods (including advances) and within prescribed time for services; invoices for goods must state description, quantity, value and tax charged, while non taxable supplies or composition dealers must issue a bill of supply. Revised invoices are required for supplies between effective registration date and issuance of registration certificate. Incorrect or delayed issuance attracts penalty under Section 66. Tax invoices are essential for claiming input tax credit and tax amounts borne by the supplier must be indicated. A proviso to section 24(1) bars issuing credit notes if tax and interest incidence has been passed to another person. Articles Goods and Services Tax - GST Mon, 14 Nov 2016 20:01:34 +0530 https://www.taxtmi.com/article/detailed?id=7081