Instruments under GST :
Tax Invoice for goods and Service Prepared by regular tax payer under Rule 46
Bill of Supply in case of exempted supply under Rule 49
Receipt voucher in case of advance receipt under Rule 50
Refund voucher in case of refund under Rule 51
Payment voucher in case of payment of invoice under Rule 52
Debit and Credit Note in case of rate difference or discount if any under Rule 53
Input service distributor invoice for ISD Distribution under Rule 54
Delivery Challan in case of Job work/ Sale on approval basis under Rule 55
Points to be noted.
All the records required to be maintained can be preserved in electronic form.
If the records are not kept as per requirement then provisions of penalty and offences may become applicable.
This Section mandates the upkeep and maintenance of records, at the place(s) of business, in electronic or other forms.
Furnishing of an audited statement of accounts and reconciliation statement is also contemplated for persons having turnovers exceeding the prescribed limit.
There is no relaxation provided to persons who have voluntarily obtained registration.