Rules for Tax invoice, credit and debit notes
GST-Goods and Service Tax - 209. page
Goods and Services Tax Act – GST Law
Tax Invoice – Sec 31
Tax Invoice – Sec 31 a)Revised invoices may be issued against the invoice already issued during the period starting from the effective date of registration till the date of issuance […]
Related provisions of the Statute
Related provisions of the Statute :
Introduction of Credit And Debit Note
Introduction of Credit And Debit Note: To begin with, one must fully unlearn the practices under the erstwhile law in order to clearly understand the concepts of credit note and […]
Analysis of Credit and debit notes
Analysis of Credit and debit notes ; (i) Credit note and debit note cause some hardship to quickly understand – who owes whom. Credit note is issued when the issuer […]
Comparative review of Credit and Debit Notes
Comparative review of Credit and Debit Notes : (i) Rule 9 of CENVAT Credit Rules, 2004 gives details of the documents and accounts which need to be mandatorily adhered to in […]
Issues and concerns
Issues and concerns 1. It is a common practice of trade and industry to issue volume discounts / turnover discounts, at the end of a certain period, say a financial […]
Analysis
Analysis Collection of tax is not a statutory right but a contractual obligation. The person collecting taxes, acts as an agent of the Government. As such, no recipient is obliged […]
Amount of tax to be indicated in tax invoice and other documents.
Amount of tax to be indicated in tax invoice and other documents. Notwithstanding anything contained in this Act or any other law for the time being in force, where any […]
Analysis
Analysis With the non-obstante clause, this provision secures preference over any other provision to the contrary whether in this Act or elsewhere. It states that all documents need to carry […]