TaxTMI 
TaxTMI 
invoicing in GSt
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....nvoicing in GSt<br> Query (Issue) Started By: - mithun saha Dated:- 15-9-2017 Last Reply Date:- 16-9-2017 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>In my grocery shop i am using two types of Invoice .. one is " Invoice " being used for Taxable products like oil, Sugar, Pasta etc and Bill of supply for non taxable items like Rice cereals salt etc Is it ok ? Or it would hav....
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....e been better if i used only one type of " invoice " for both taxable item and non taxable item ( nil rate , exempt items) regards mithun Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Section 31 (3) (c) of CGST Act, 2017 "a registered person supplying exempted goods or services or both or paying tax under the provisions of section 10 shall issue, instead of a ....
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....tax invoice, a bill of supply containing such particulars and in such manner as may be prescribed." For taxable supply you may issue regular invoice under Section 31 (1) of CGST Act, 2017. Reply By KASTURI SETHI: The Reply: Tax invoice is meant for supply of taxable supply and Bill of Supply for exempted supply. Both invoice books separately can be maintained. Reply By Himansu Sekhar: The ....
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....Reply: If you supply to a customer, both exempted and taxable supply,one invoice can be issued. There is no need to issue invoice for taxable supply and bill of supply for exempted.board has issued clarifications. Reply By KASTURI SETHI: The Reply: Separate invoices are convenient for both i.e. the department and assessees. You cannot be penalised for maintaining two separate invoices. It has b....
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....een seen that when the department is dragged to the court, the departments backs out from FAQ/Tweets and clarifications. So always go by the Act and read word for word and take care of commas, semi colons, hyphens, flash etc. Reply By MARIAPPAN GOVINDARAJAN: The Reply: It is advisable to issue both type of invoice and bill of supply if your transaction is heavy. Reply By Ganeshan Kalyani: The R....
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....eply: I fully agree with Sri Kasturi Sir. Reply By Ganeshan Kalyani: The Reply: I also agree with my collegue experts.<br> Discussion Forum - Knowledge Sharing ....