Tax invoice in Special Cases - GST Ready Reckoner - GST

Tax invoice in Special Cases ( as per Rule 54 of CGST rule ) In case Input services Distributer 1) An Input Service Distributor invoice or, as the case may be, an ISD credit note issued by an Input Service Distributor for reduction of credit in case the input tax credit already distributed gets reduced for any reasons. For issuing credit note which shall contain the following details: Name, address and GSTIN of the Input Service Distributor; A consecutive serial number containing alphabets or numerals or special characters hyphen or dash and slash symbolised as , - , / , respectively, and any combination thereof, unique for a financial year; Date of its issue; Name, address and GSTIN of the recipient to whom the credit is distributed; Amount of the credit distributed; and Signature or digital signature of the Input Service Distributor or his authorized representative. 2) A registered person, having the same PAN and State code as an Input Service Distributor, may issue an invoice or, as the case may be, a credit or debit note to transfer the credit of common input services to the Input Service Distributor. The taxable value in the invoice issued shall be the same as the value of the common services. For issuing invoice, credit note or debit note which shall contain the following details:- Name, address and Goods and Services Tax Identification Number of the registered person having the same PAN and same State code as the Input Service Distributor; A consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters -hyphen or dash and slash symbolised as - and / respectively, and any combination thereof, unique for a financial year; Date of its issue; Goods and Services Tax Identification Number of supplier of common service and original invoice number whose credit is sought to be transferred to the Input Service Distributor; Name, address and Goods and Services Tax Identification Number of the Input Service Distributor; Taxable value, rate and amount of the credit to be transferred; and Signature or digital signature of the registered person or his authorised representative. Example :- ABC has three offices in different states, head office at Delhi. IT receives the input tax credit on audit fee invoice for the entity at Delhi. which needs to be distributed to all the offices including Delhi. with the insertion of Sub rule 1A of Rule 54 , the credit could be distributed to Delhi office also. The taxable value in the invoice so issued shall be the same as the value of common services. In case of ISD Banking, Financial institution or NBFC - Financial institution Where the Input Service Distributor is an office of a banking company or a financial institution, including a non-banking financial company, a tax invoice shall include any document in lieu thereof, by whatever name called, whether or not serially numbered but containing the prescribed information. In case of Insurance, banking Company, Financial institution or NBFC - Where the supplier of taxable service is an insurer or a banking company or a financial institution, including a non-banking financial company, the said supplier shall issue a tax invoice or any other document in lieu thereof, by whatever name called, whether or not serially numbered, and whether or not containing the address of the recipient of taxable service but containing other information as prescribed under rule 46 of Invoice Rules. In case of Goods Transport Agency - Where the supplier of taxable service is a goods transport agency supplying services in relation to transportation of goods by road in a goods carriage, the said supplier shall issue a tax invoice or any other document in lieu thereof, by whatever name called, containing the gross weight of the consignment, name of the consignor and the consignee, registration number of goods carriage in which the goods are transported, details of goods transported, details of place of origin and destination, GSTIN of the person liable for paying tax whether as consignor, consignee or goods transport agency, and also containing other information as prescribed under rule 46 of Invoice Rules. In case of Transportation of Passenger - Where the supplier of taxable service is supplying passenger transportation service, a tax invoice shall include ticket in any form, by whatever name called, whether or not serially numbered, and whether or not containing the address of the recipient of service but containing other information as prescribed under rule 46 of Invoice Rules. In case of admission to exhibition of cinematograph films in multiplex screens - A registered person supplying services by way of admission to exhibition of cinematograph films in multiplex screens shall be required to issue an electronic ticket and the said electronic ticket shall be deemed to be a tax invoice for all purposes of the Act, even if such ticket does not contain the details of the recipient of service but contains the other information as mentioned under rule 46 . The supplier of such service in a screen other than multiplex screens may, at his option, follow the above procedure.