Whether to generate Tax invoice in case of credit.

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If you're making a sale, even if payment is delayed by two months, you must generate a tax invoice under GST regulations. This applies whether the sale is within your state or to another state. The law mandates issuing a tax invoice for any supply of goods or services, regardless of when the payment is received.

Ashim kr Ray

Ashim kr Ray (Querist)
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10 June 2020 Sir,

I got order to sell product both inter state and intra state. But party toll me he will give me payment after two month.

Here i want to know whether i will generate Tax invoice or other cash memo issue.As i am not getting my payment now.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 June 2020 You have to generate tax invoice.

Message likes : 1 times

CS VENKATARAMANAN S

CS VENKATARAMANAN S (Expert)
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11 June 2020 According to the Provisions of GST, a registered person is making or receiving supplies (from unregistered persons), then a tax invoice needs to be issued by such registered person. Hence, You mandatory issue tax invoice while made a supply of goods and/or services.

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