Case - We are going to register newly partnership firm under GST. My business is provision store.
Since, in this business the billing start from petty amount 50/- and more and transaction may be more than hundred.
My question is
1. Are we need to issue GST invoice to all petty customers ? or
2. we issue a single GST invoice in cash sales at end of day with GST amount collectively for all petty sales made during the day
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Invoice under GST for petty sales
Replies (4)
If bill amount is less than 200 rupees then a bill of supply may be issued but if it exceeds 200 rupees then GST invoices should be issued.
Consolidated invoices may also be issued to customers
Consolidated invoices may also be issued to customers
A registered person may not issue a tax invoice if the value of the goods or services or both supplied is less than two hundred rupees subject to such conditions and in such manner as may be prescribed
In term of Section 31 R/w Rule 46 , Registered person is not required to issue Tax Invoice in following
1. where the value of goods or services or both is less than Rs 200/-
2. the Recepient is is not registered .
3. Recepient does not require such invoices
So for all such supply one Consolidated Tax Invoice can be Issued
1. where the value of goods or services or both is less than Rs 200/-
2. the Recepient is is not registered .
3. Recepient does not require such invoices
So for all such supply one Consolidated Tax Invoice can be Issued
Agreed
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