Esch ©) ee €_ Image to PDF 20240422 22.0... ‘© Abill of supply is evidence of tax-free supply and th collected from the buyer of goods or services. Bill of Supply Contents of Bill of supply are as follows Name, Address and GSTIN of the supplier consecutive serial number in one or multiple Series, Date of ts issue Name, Address and GSTIN/ Unigue?ID Number if registered for recipient HSN Code of goods or Accounting Code for services Description of goods or services Value of goods or services taking into account discount or abatement, ifany Signature’or digital signature of the supplier or his authorized representative Receipt Voucher & Payment Voucher © In practical life sometimes the supplier_receives ad @ZURAgm payment from the person who will receive goods /service] letter on. While some time supplies are made by unregistered person or specific goods/s re supplied. These situations create the concept of Receipt & Payment vouchers, [ fp = Text rare Siriva (Oks €_ Image to PDF 20240422 22.0... taxable supply of goods & services to a buyer ‘© Under the GST regime, an “invoice” or “tax invoice” means the tax invoice referred to in section 31 of the CGST Act, 2017. © A registered person supplying taxable goods shall, before or at the time of,issue a tax invoice showing the description, quantity and value of goods & the tax charged thereon. © This section mandates issuance of invoice or a bill of supply for every supply of goods or services or both Tax Invoice It includes information such as Name and address of the seller and buyer, Description of the goods or services purchased, The quantity and price of the items, Date of issue HSN Code of goods or SAC Code Discount or Abatements Any applicable taxes, Total amount due. Signature of digital signature of the ie Tax Invoice VU AIPLYA It is an essential document for the recipient fo avail Input Credit (ITC) A registered person cannot avail input tax credit unl possession of a tax invoice or a debit note GST is chargeable at the time of supply. Invoice is an important indicator of the time of supply. Tax invoice is the primary. document of evidencing the supply by the supplier A tax invoice shall be issued within 30 days from the date of supply. Ifthe supplier is a bank or an insurance company, then the invoice must be issued within 45 days from the date of supply [ fp = Text rare Siri7. Ogee BS ETE) YY PRO © Part A comprising of details of GSTIN of supplier & recipight, place of delivery (indicating PIN Code also), document (Tax invoice; Bill of Supply, Delivery Challan or Bill of Entry) — Number and date, Value of goods, HSN eode and E-Way Bill E-way Bill (Form GST EWB-01) has two Components Part A& Part B © Part A comprising of details of GSTIN of supplier & recipich place of delivery (indicating PIN Code also), document (Tax ing Bll of Supply, Delivery Chaltan or Bill of Enty) — Number agit, alueot goods, | HSN ebde and E-Way Bill “a © Part B comprising of transport details « a. Transport document number i. Goods Receipt Number or i. Railway Receipt Number or iii, Airway Bill Number or iv. Bill of Lading Number and == I B a Text rare Siribt (ORE IC) €_ Image to PDF 20240422 22.0. or services by him, © issue a receipt voucher, “evidencing receipt of such payment.” © A registered person receives an advance, the registered person is required to issue a receipt voucher. Receipt Voucher As per rule 50 of CGST rules, 2017, a receipt voucher must contain the following particulars: Name, address, and GSTIN of the'supplier. A consecutive serial number Date of issue of receipt youcher Name, address and GSTIN of the recipient, Description of goods or services Amount of advance taken Rate of tax (CGST/ SGST/IGST/UTGST/ CESS) Amount of tax charged in respect of taxable services, Receipt Voucher Place of supply along with the name of State and its code, in case of an Inter-State Whether the tax is payable on reverse charge basis 230/292 Signature or digital signature of the supplier or authorized representative [ fp = Text rare Siri8:44PM = (ers €_ Image to PDF 20240422 22.0... Hs payable under reverse Charge. © Specific supplies on-which tax is payable under reverse charge mechanism and ‘© supplies received from unregistered persons. © The receiver of goods/services needs to generate the payment voucher at the time of making the payment for goods/service on which reverse charge is applicable. Payment Voucher As per rule 52 of CGST rules, 2017, a receipt voucher must contain the following particulars: ¢ Name, address and GSTIN of the supplier if registered; © A consecutive serial number not exceeding sixteen characters Date of its issue: Name, address and GSTIN of the recipient; . © Description of goods or services; © Amount pai Payment Voucher Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess); Amount of tax payable in respect of taxable 200 MRAP services; 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 [ fp = Text rare Siri