TMI BlogWorks Contract ServiceX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ Ltd. Are registered with GST and are in the business of manufacture of Paint. They will be buying other items such as putty/texture etc from outside market. XYZ had received a contract of painting of residential / commercial buildings. XYZ will be employing an outside painting contractor for the said painting. XYZ will be invoicing to the B2B / B2C as the case may be for this painting work. Fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r invoicing in case of both B2B and B2C, SAC 9954 (Works Contract Service Painting Service) Rate 18%. Is the above correct? In case of B2C contract, can XYZ issue a consolidated invoice at the month end or do they need to raise individual invoices? In either case, can XYZ create a dummy customer by name of Retail Customer and invoice to it as individuals have no traceability whatsoever, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... terms of GST. - Reply By Ganeshan Kalyani - The Reply = Sir, consolidated invoice provision is there in the reverse charge mechanism. But, for forward charge there is no such provision which provides for consolidated invoice. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Ganeshan - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31 (3) (b) of CGST Act, 2017 , 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. According to fourth proviso to rule 46 of CGST Rules, 2017 , Provided also that a registered person[, other than the supplier engaged in making supply of se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices by way of admission to exhibition of cinematograph films in multiplex screens, may not issue a tax invoice in accordance with the provisions of clause (b) of sub-section (3) of section 31 subject to the following conditions, namely,- (a) the recipient is not a registered person; and (b) the recipient does not require such invoice, and shall issue a consolidated tax invoice for su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch supplies at the close of each day in respect of all such supplies. Therefore consolidated invoice can be issued only in the above mentioned circumstances. - Reply By niranjan gupta - The Reply = Dear Kaustubh Ji, SAC Code 995473 is used for the Painting services under GST classification. This service code includes: painting services (principally decorative) of building interiors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and similar services (e.g., application of coatings, lacquer, etc.); painting services of building exteriors (principally for protection); painting services of railings, gratings, doors and window frames of buildings, etc; painting services of other engineering structures; paint removal services The tax rate applicable on the above code is 18% respectively, as rightly said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by you. As per Rule 46 of the CGST Rules, 2017 , the registered person shall issue a consolidated tax invoice for such supplies at the close of each day in respect of all such supplies upto the value of rupees two hundred in respect of individual tax invoices. In other cases, where B2C transaction takes place, the recipient doesn t require tax invoice. - Reply By niranjan gupta - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = Now, regarding your query on issuance of tax invoice on consolidated basis, I would like to state as under: Section 31 of the CGST Act, 2017 read with Rule 46 of the CGST Rules, 2017 , allows a registered person to issue tax invoice having value not more than ₹ 200 on consolidated basis for a day provided the recipient is an unregistered person and he doesn't need copy of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax invoice. So, if above condition is fulfilled in present case, then you may issue consolidated tax invoice but not otherwise. - Works Contract Service - Query Started By: - Kaustubh Karandikar Dated:- 23-6-2020 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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