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Issue of invoice & Payment voucher in case of reverse charge [Section 31(1) (f) & (g) & rule 52 of CGST Act] - GST Ready Reckoner - GSTExtract Issue of invoice Payment voucher in case of reverse charge [Section 31(1) (f) (g) Rule 52 of CGST Rule] Invoice issue under RCM :- A registered person who is liable to pay tax under section 9 (3) (4) shall issue an invoice in respect of goods or services or both received by him from the supplier who is not registered on the date of receipt of goods or services or both. [Section 31(3)(g)] E- Invoice issue under RCM:- where an invoice is required to be issued under section 31(3)(g), a registered person may issue a consolidated invoice at the end of a month for supplies covered under sub-section (4) of section 9, the aggregate value of such supplies exceeds rupees five thousand in a day from any or all the suppliers. [second Proviso to rule 46 of CGST rules] Make payment under RCM :- A registered person who is liable to pay tax under sub-section (3) or sub-section (4) of section 9 shall issue a payment voucher at the time of making payment to the supplier. [Section 31(3)(f)] Content of Payment Voucher :- A payment voucher referred to in clause (g) of sub-section (3) of section 31 read with Rule 52 shall contain the following particulars: (a) name, address and GSTIN of the supplier if registered; (b) a consecutive serial number not exceeding 16 characters, in one or multiple series, containing alphabets or numerals or special characters -hyphen or dash and slash symbolised as - and / respectively, and any combination thereof, unique for a financial year (c) date of its issue; (d) name, address and GSTIN of the recipient; (e) description of goods or services; (f) amount paid; (g) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess); ] (h) amount of tax payable in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess); (i) place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce; and (j) signature or digital signature of the supplier or his authorized representative.
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