The board has opted the representation upon the problem that carrying a physical copy of the invoice is essential upon the transportation of the goods in the case where the supplier has provided the invoices under GST in the way mentioned beneath rule 48(4) of the CGST Rules, 2017 (i.e....
A Bill of supply is similar to a GST tax invoice but does not include tax charges. It is issued when GST does not apply to a transaction. For example, it is used for exempt goods or services or when a supplier is registered under the composition scheme. 2. Invoice-cum-Bill of Supply...
Read Also: Step-by-Step Guide to Generate E-invoice Under GST Step 5: Bulk Download (By Period) In order to download e-Invoices in bulk for a specific period, select the “For Period” tab. Select the Financial Year and Month. Click “Download E-Invoice JSON”, it will download all ...
There may be cases where the taxable value of various commodities or services has been devalued in the original tax invoice. This results in a lower tax being charged. To rectify a tax invoice deficiency under GST, a supplementary invoice is used. It may therefore be necessary to revise upwa...
Using IFF, QRMP taxpayers can upload selective or all B2B invoices on the GST portal for the first two months of the quarter and their counterparties can claim their Input tax credit( ITC ) without any delay. Details to be submitted for the Invoice Furnishing Facility (IFF) Under this IFF...
You can open theFeature management workspaceby selecting the appropriate tile on the dashboard or by going toSystem administration > Workspaces > Feature management. Among other features find(India) Electronic invoice under GSTand use buttonEnableto activate the feature. Read more about feature managem...
Person paying tax under composition levy scheme (in such case Bill of Supply is issued) Note: If a registered person is supplying taxable as well as exempted goods/ services to an unregistered person, then he can issue a single "invoice-cum-bill of supply" for all such supplies.(Notificatio...
The e-invoice format is notified in GST rules as Form GST INV-1. In other words, the format or scheme of E-Invoice is detailed via form GSTR INV-1. What role does the e-Invoice format play in ensuring compliance with tax regulations?
How are interstate and intrastate transactions treated under the GST? What is the time limit to issue invoices in the GST system? How many copies of invoices are required under the GST? What is HSN Code, and SAC? What is place of supply under the GST?
A Supplier View is also under development where the supplier can see the action taken on a record by the recipient. 3. Updated GSTR-3B Process Flow 4. IMS Workflow IMS can be accessed on the GST portal under Services > Returns > Invoice Management System (IMS) option. There are 2 secti...