CA Rashmi Gandhi

Congratulations mam

Great...Enjoy the life forward... Congratulations...

Mam, Thanks for your prompt replies on caclub india platform. I am raising my querries here, please reply,

1. Tax invoice

Subject to rule 7, a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars:-

• (i) total value of supply of goods or services or both;
• (j) taxable value of supply of goods or services or both taking into account discount or abatement, if any;

********* What is difference in these two ? Is it mandatory to write both, Can we write Net taxable value only( in case Total value means Value on which discount will be given)

m) place of supply along with the name of State, in case of a supply in the course of inter-State trade or commerce;

********* Place is already there in name & address of recipient, then Why separate mention of Place of supply. Is there any difference in Place of Supply- (1) If  Transporter’freight is paid by supplier OR by Buyer (2)Local cartage of sending goods to Tranport company is paid by the supplier or charged to Buyer in Invoice.

******** On which amount TAX will be charged – only net Value of goods  OR  Amount Including Freight Paid by supplier / Payable by Recepient / Cartage charged by Supplier

(n)address of delivery where the same is different from the place of supply

********* What is meaning of address here ? Does it mean name of city where material is to be delivered ? Or the complete address of the person to whom material will be delivered ? Is it mandatory to write Name & address of the person taking delivery ?

                  I am registered at JAIPUR ,Rajasthan, Buyer is of PUNE ( Maharastra), He has ordered to dispatch material to INDORE ( M.P.) , We have GSTIN & Name & address of the person of PUNE.We do not know about Name & address of the person at INDORE who will take delivery of the material there, neither his GSTIN is known . WHAT details we will mention on the INVOICE ?

(o) whether the tax is payable on reverse charge basis;

*********  Should we mention YES / No  on every Invoice ? OR a separate invoice  may be prepared for the items attracting tax on Reverse charge basis ?