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Credit on Capital Goods

Before GST, only a part of input tax paid on Capital Goods could be taken as credit. For example, if ITC on a Capital Good purchased in the year 20...

Closing balance of credit on Inputs:

The closing balance of ITC as per the last return filed before GST can be taken as credit in the GST regime. The credit will be available only if t...

Input Tax Credit

Provisions have been made for smooth transition of input Tax Credit available under VAT, Excise Duty or Service Tax to GST.  A registered dealer op...

GST Invoicing under Special Cases?

In some cases, like banking, passenger transport, etc., the government has provided relaxations on the invoice format issued by the supplier. Buy G...

How many copies of Invoices should be issued?

For goods – 3 copies : Original, Transportation & Suppliers Copy For services – 2 copies : Original & Suppliers Copy Buy GST All in O...

Can you revise invoices issued before GST?

Yes. You can revise invoices issued before GST. Under the GST regime, all the dealers must apply for provisional registration before getting perman...

What are other types of invoices?

6.A. Bill of Supply A bill of supply is similar to a GST invoice except that bill of supply does not contain any tax amount as the seller cannot ch...

How to personalise GST Invoices?

You can personalise your invoice with your company’s logo. Kinja Consultancy allows you to create and personalise GST Invoice free of cost with the...

By when should you issue invoices?

The GST Act has defined time limit to issue GST tax invoices, revised bills, debit notes and credit note. Following are the due dates for issuing a...

What are the mandatory fields a GST Invoice should have?

A tax invoice is generally issued to charge the tax and pass on the input tax credit. A GST Invoice must have the following mandatory fields: Invo...

Who should issue GST Invoice?

If you are a GST registered business, you need to provide GST-complaint invoices to your clients for sale of good and/or services. Your GST registe...

What is a GST Invoice?

An invoice or a bill is a list of goods sent or services provided, along with the amount due for payment. Buy GST All in One Plan :  

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