Issue of invoice or any other document
in lieu of invoice:
►
A
registered person making taxable supply shall issue an invoice showing the
description, quantity of goods and value of supply, tax charged thereon &
other prescribed details.
►
For goods,
invoice to be
issued before or at the time of,
◆
Removal of goods for
supply, if supply involves movement of goods
◆
Delivery of goods to the
recipient in other cases
►
For
services, invoice to be issued before or after the provision of service, but within prescribed period.
►
Need not issue invoice
if value
of supply is less than Rs.200.
►
Issue a bill of supply on exempted supply or pays
tax u/s 10, unless the value of supply is less than Rs.200.
►
Issue a receipt voucher on receipt of advance payment. However, if supply is not made and tax invoice is not issued, then the registered supplier
may issue a refund
voucher against such advance
payment.
►
If pays tax u/s 9(3)/(4), issue:
◆ Invoice for supply received from unregistered supplier on the date of receipt of supply
◆ Payment voucher at the time of making payment to the supplier.
►
Issue a revised invoice within 1 month from issue of certificate of registration, against invoice
already issued during the period from effective date of registration to date
of issue of certificate.
►
Registered
person [other than a Government
dept., local authority, SEZ unit & persons referred in rule 54 (2), (3),
(4), (4A)] whose turnover in any
preceding financial year starting from 2017-18, exceeds Rs.10 crores (Rs.5
crore w.e.f. 1st August, 2023) shall issue e-Invoice in case of supply to regd.
Persons & exports. [Notification 13/2020, 61/2020, 70/2020, 88/2020, 05/2021, 23/2021, 01/2022, 17/2022 &
10/2023]
►
Registered
person [other than persons referred in rule 54(2),(3),(4), (4A) and u/s 14 of IGST Act],
whose turnover in any preceding FY starting from 2017-18, exceeds Rs.500
crores, shall issue the invoice containing Dynamic Quick Response Code(QR Code) in case of supply to unregistered person. [Notification 14/2020, Notification No. 71/2020, Notification No. 28/2021.]
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