invoice record
Nitin (accountant) (450 Points)
27 June 2018
Duplicate copy of invoice keep in record mandatory under Gst act
2 Replies
Vinod Babu
(24196 Points)
Replied 27 June 2018
Raising Copies of Invoice
The GST Law requires businesses to keep copies of all of their invoices. The details of this are furnished below.
Invoices for Supply of Goods
The invoice must be prepared in triplicate. They will be clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the transporter
Triplicate Copy for the use of the supplier
Invoices for Supply of Services
The invoice must be prepared in duplicate and clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the supplier
Form GSTR-1 will contain the serial number of invoices issued during the tax period along with other details of purchases.
Registered persons selling exempted goods/services or paying GST under composition scheme will need to issue a separate bill of supply.
The GST Law requires businesses to keep copies of all of their invoices. The details of this are furnished below.
Invoices for Supply of Goods
The invoice must be prepared in triplicate. They will be clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the transporter
Triplicate Copy for the use of the supplier
Invoices for Supply of Services
The invoice must be prepared in duplicate and clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the supplier
Form GSTR-1 will contain the serial number of invoices issued during the tax period along with other details of purchases.
Registered persons selling exempted goods/services or paying GST under composition scheme will need to issue a separate bill of supply.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 27 June 2018
Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 shall retain them until the expiry of seventy-two months from the due date of furnishing of annual return for the year pertaining to such accounts and records:
Recent Topics
- Penalty on late payment of income tax on a small a
- Transportation bill
- Write off of unsecured loan to a Firm
- Claim of ITC more than 2B
- How to go Old regime to new regime
- "How should I begin preparing for CA foundati
- SBI or State Bank of India Passbook printing forma
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Requirement to prepare Consolidated financial stat
- Government grant not repayable
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
