TMI BlogMedical ShopX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, My friend operating medical shop business from 2014,he was register composition scheme in GST on 15.11.2017. Which accounting books to be maintain by him and what is sale invoice format . Kindly give reply and provide sale invoice format , - Reply By Yuvaraj BG - The Reply = Hi CHAPTER VI 46. Tax invoice .- Subject to rule 54 , a tax invoice referred to in section 31 shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be issued by the registered person - Reply By Rajagopalan Ranganathan - The Reply = Sir, Please refer to Section 10 of CGST Act, 2017 for details about composition scheme. for invoice format please refer to rule 46 of CGST rules, 2017 . - Reply By KASTURI SETHI - The Reply = I support the views of Sh.Ranganathan, Sir. Covered all aspects. - Reply By Surender Gupta - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... As per the clause (c) of sub-section (3) of section 31 of the central goods and services tax act 2017 a person who is paying tax under section 10 , i.e composition scheme, is required to issue Bill of supply instead of tax invoice. - Reply By Ganeshan Kalyani - The Reply = Composition dealer cannot collect tax from the customer. - Reply By KASTURI SETHI - The Reply = Undoubtedly Bill i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s supply is to be issued by a registered person working under Composition Scheme. - Reply By Kishan Barai - The Reply = There is no format prescribed for an invoice, however, Invoice rules makes it mandatory for an invoice to have the following fields (only applicable field are to be filled): (a) Name, address and GSTIN of the supplier (b) A consecutive serial number, in one or multiple se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ries, containing alphabets or numerals or special characters like hyphen or dash and slash symbolised as - and / respectively, and any combination there of, unique for a financial year (c) Date of its issue (d) Name, address and GSTIN or UIN, if registered, of the recipient (e) Name and address of the recipient and the address of delivery, along with the name of State and its code, if ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such recipient is un-registered and where the value of taxable supply is fifty thousand rupees or more (f) HSN code of goods or Accounting Code of Services (g) Description of goods or services (h) Quantity in case of goods and unit or Unique Quantity Code there of (i) Total value of supply of goods or services or both (j) Taxable value of supply of goods or services or both, taking ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... into account the discount or abatement, if any (k) Rate of tax (Central tax, State tax, Integrated tax, union territory tax or cess) #NIL in case of Composition Scheme dealer (l) Amount of tax charged in respect of taxable goods or services (Central tax, State tax, Integrated tax, union territory tax or cess) (m) Place of supply along with the name of State, in case of a supply in the co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urse of inter-State trade or commerce (n) Address of delivery where the same is different from the place of supply (o) Whether the tax is payable on reverse charge basis (p) Signature or digital signature of the supplier or his authorized representative - Medical Shop - Query Started By: - satyanarayana korraprolu Dated:- 23-11-2017 Goods and Services Tax - GST - Got 7 Replies - GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
