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Basics of Invoicing under GST

CA Somil Bhansali  
on 24 May 2017

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Tax Invoice: The tax invoice shall be issued in case of supply of taxable goods or services or both.

Bill of Supply: The bill of supply has to be issued instead of a tax invoice by the registered person supplying exempted goods or services or both or paying tax under the provisions of section 10 (person opted for composition scheme)

Receipt voucher: The registered person at the time of receipt of advance shall issue receipt voucher or any other document to the person giving such advance.

Refund voucher: Where no supply is made and consequently no invoice is issued against the advance received then the registered person shall issue refund voucher against such advance amount.

Payment Voucher: Where any registered person is liable to pay tax under reverse charge then he shall issue payment voucher at the time of making payment to the supplier.

Revised Invoice: The registered taxable person within one month from the date of issuance of certificate of registration issue revised invoice for the invoice already issued from the effective date of registration till the date of issuance of certificate of registration as in GST registration will be considered as valid from the date he applied for registration.

E-way bill: E-way bill has to be issued by the registered person when he causes the movement of goods. However in such case consignment value shall exceed Rs 50000.

Goods without transportation of invoice: Rule 8 of the Tax Invoice, Credit and Debit Note Rules specifies the circumstances for transportation of goods without the invoice. The goods can be transported under a delivery challan. The circumstances in which the goods can be transported under delivery challan are:

(a) supply of liquid gas where the quantity at the time of removal from the place of business of the supplier is not known;
(b)transportation of goods for job work;
(c) transportation of goods for reasons other than by way of supply, or
(d) such other supplies as may be notified by the Board.

For video presentation refer to the video attached below -


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