GST RELATED QUERY

Others 296 views 7 replies

Ajnas

Student

844 Points Posted on 07 March 2021

As per Rule 46 of the CGST Rules 2017, a registered tax payer, other than a composition taxpayer can issue a consolidated tax invoice at the end of the day for all the transaction where tax invoices are not issued for a value less than Rs 200 per transaction.
My query is about
1.for this threshold limt Rs. 200 it is including gst or excluding gst?
2. Incase invoice value Exact Rs.200 limit then we need to issue tax Invoice or consolidated tax Invoice?
3.After generating the consolidated tax invoice it is required to distribute consolidated tax Invoice to customer or it just hold with supplier?

Replies (7)

Kishor Lulla

1011 Points Posted on 07 March 2021

Excluding gst
need to issue
hold with supp

Shivam RC

Student

23693 Points Posted on 07 March 2021

1). Rs. 200 limit is Excluding GST.

2). You have to issue Tax Invoice if the Transaction Value is Rs. 200 or more ( by virtue of Section 31(3) clause (b) of the CGST Act 2017 ).

3). The Supplier needs to maintain Consolidated Tax Invoice with him for his own tax records and accounts purpose.

Ajnas

Student

844 Points Posted on 07 March 2021

What about in case of registered taxable person,
1.for this threshold limt Rs. 200 it is including gst or excluding gst?
2. Incase invoice value Exact Rs.200 limit then we need to issue tax Invoice or consolidated tax Invoice?
3.After generating the consolidated tax invoice it is required to distribute consolidated tax Invoice to customer or it just hold with supplier?

Pankaj Rawat

GST Practitioner

55067 Points Posted on 08 March 2021

1. Excluding GST .
2. need to issue tax invoice
3. kindly refer the condition Under 4th proviso of Rule 46 , consolidated invoice can raise only for those invoices , when the recepient is not registered & recipient does not required such invoices. so once the consolidated invoice is issued in line to above conditions then it is not required to give it to customer.

Ajnas

Student

844 Points Posted on 08 March 2021

Pankaj Rawat

GST Practitioner

55067 Points Posted on 08 March 2021

dear ajnas

kindly refer my above reply

Ajnas

Student

844 Points Posted on 08 March 2021

Please reply in the following situation
1. Taxable value Rs.200+GST 18% then we need to issue tax Invoice or consolidated tax Invoice?
1. Taxable value Rs.169.5+GST 18% invoice value Rs. 200 then we need to issue tax Invoice or consolidated tax Invoice?