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TMI BlogInsight of Documentation under GST - (Special Reporting in GSTR 1)X X X X Extracts X X X X X X X X Extracts X X X X ..... Insight of Documentation under GST - (Special Reporting in GSTR 1) - By: - Naimish Padhiar - Goods and Services Tax - GST - Dated:- 3-8-2017 - - It may be noted that in the GSTR 1 return, following declarations has to be filed by the supplier has to maintained a consecutive series of all such documents :- Sr. No. Nature of document From To Total Number Cancelled Net Issued 1 Invoices for outward supply 2 Invoices for inward supply from unregistered person 3 Revised Invoice 4 Debit Note 5 Credit Note 6 Receipt voucher 7 Payment Voucher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 Refund voucher 9 Delivery Challan for job work 10 Delivery Challan for supply on approval 11 Delivery Challan in case of liquid gas 12 Delivery Challan in cases other than by way of supply (excluding at S no. 9 to 11) Invoices for outward supply Tax Invoices relating to Outward Supplies needs to be generated in a serial number as per the Invoice rules and as per the requirement of Outward Supply returns ( GSTR 1) . Different series within a state can be maintained by a client for a particular project. For every registration there can be the same running series or altogether a different series. Outward supplies tax Invoices should be in a sequential order for all type of supplies viz Intrastate. Interstate, Branch Transfers, Export, Unregistered Person Supply, Zero R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated Supply, Deemed Export Supply. Moreover if on account if any error in a particular Invoice raised earlier, cancellation of that invoice would take place and the next sequential invoice would be raised. The particulars as required for raising a tax invoice are : (a) name , address and GSTIN of the supplier; (b) 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; (c) date of its issue; (d) name , address and GSTIN or UIN, if registered, of the recipient; (e) name and address of the recipient and the address of delivery, along with the name of State and its code, if such recipient is un-registered and where the value of taxable supply is fifty thousand rupees or more; (f) HSN code of goods or Accounting Code of services; (g) description of goods or services; (h) quantity in case of goods and unit or Unique Quantity Code thereof; (i) total value of supply of goods or services or both; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (j) taxable value of supply of goods or services or both taking into account discount or abatement , if any; (k) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess ); (l) amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess ); (m) place of supply along with the name of State, in case of a supply in the course of inter-State trade or commerce; (n) address of delivery where the same is different from the place of supply; (o) whether the tax is payable on reverse charge basis; and (p) signature or digital signature of the supplier or his authorized representative: Invoices for inward supply from unregistered person A separate series maintenance is advisable for RCM transactions for ease of records. Also In these cases consolidated invoice on a monthly basis for each supplier can be issued. It should be noted that Interstate transactions are covered under forward chargeThe particulars of Invoices for reverse charge cases would be same as sr.no.1 Revised Invoice Revised Invoice needs to be issued by registered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... person who has been granted registration with effect from a date earlier than the date of issuance of certificate of registration to him, may issue revised tax invoices in respect of taxable supplies effected during the period starting from the effective date of registration till the date of issuance of certificate of registration. The particulars as required are : (a) the word Revised Invoice , wherever applicable, indicated prominently; (b) name, address and GSTIN of the supplier; (c) nature of the document; (d) 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; (e) date of issue of the document; (f) name, address and GSTIN or UIN, if registered, of the recipient; (g) name and address of the recipient and the address of delivery, along with the name of State and its code, if such recipient is un-registered; (h) serial number and date of the corresponding tax invoice or, as the case may be, bill of supply; (i) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value of taxable supply of goods or services, rate of tax and the amount of the tax credited or, as the case may be, debited to the recipient; and (j) signature or digital signature of the supplier or his authorized representative: Debit Note Where a tax invoice has been issued for supply of any goods/services and the taxable value or tax charged in that tax invoice is found to be less than the taxable value or tax payable in respect of such supply, the registered person, who has supplied such goods or services or both, shall issue to the recipient a debit note containing additional particulars like Serial number and date of the corresponding tax invoice or as the case may be bill of supply Value of taxable supply of goods/services debited to the recipient. The details of such debit notes shall be declared in the respective return of the month in which such debit note is issued. Moreover if there is any further change in the debit note issued earlier then it has to be supported further by a fresh debit note. The particulars for debit note are : (a) name , address and GSTIN of the supplier; (b) nature of the document; (c) a consec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utive 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; (d) date of issue of the document; (e) name, address and GSTIN or UIN, if registered, of the recipient; (f) name and address of the recipient and the address of delivery, along with the name of State and its code, if such recipient is un-registered; (g ) serial number and date of the corresponding tax invoice or, as the case may be, bill of supply ; (h) value of taxable supply of goods or services, rate of tax and the amount of the tax credited or, as the case may be, debited to the recipient; and (i) signature or digital signature of the supplier or his authorized representative: Credit Note Where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who has supplied such goods or services or both, may issue to the recipient a credit note containing additional particulars. Any registered person issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note in the return for the month during which such credit note has been issued but not later than September following the end of the financial year in which such supply was made, or the date of furnishing of the relevant annual return, whichever is earlier. The particulars for credit note are : (a) name , address and GSTIN of the supplier; (b) nature of the document; (c) 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; (d) date of issue of the document; (e) name, address and GSTIN or UIN, if registered, of the recipient; (f) name and address of the reci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pient and the address of delivery, along with the name of State and its code, if such recipient is un-registered; (g ) serial number and date of the corresponding tax invoice or, as the case may be, bill of supply ; (h) value of taxable supply of goods or services, rate of tax and the amount of the tax credited or, as the case may be, debited to the recipient; and (i) signature or digital signature of the supplier or his authorized representative: Receipt voucher On receipt of advance payment with respect to any supply of goods or services or both, issue a receipt voucher or any other document, containing such particulars as contained in a tax invoice, evidencing receipt of such payment. Subsequently when no supply is made and no tax invoice is issued in pursuance thereof, the said registered person may issue to the person who had made the payment, a refund voucher against such payment. Moreover, in case where advance is received and the tax is to be paid on a reverse charge basis , a separate series maintenance is required. In case if at the time of taking any advance receipt, The rate of tax is not determinable, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax shall be paid at the rate of 18%. The nature of supply is not determinable, the same shall be treated as Inter-state Supply. The particulars for receipt voucher are: (a) name , address and GSTIN of the supplier; (b) 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 (c) date of its issue; (d) name , address and GSTIN or UIN, if registered, of the recipient; (e) description of goods or services; (f) amount of advance taken; (g) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess); (h) amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess ); (i) 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; (j) whether the tax is payable on reverse charge basis; and (k) signature or digital signature of the supplier or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his authorized representative Payment Voucher A registered person who is liable to pay tax on a reverse charge basis either from unregistered person or otherwise (compulsory reverse charge u/s 9(3) or as importer of services) shall issue a payment voucher at the time of making the payment to the supplier. These mandates generation of vouchers in a single or multiple series and should contain details such as : (a) name, address and GSTIN of the supplier if registered; (b) 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 (c) date of its issue; (d) name, address and GSTIN of the recipient; (e) description of goods or services; (f) amount paid; (g) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess); (h) amount of tax payable in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess ); (i) place of supply along with the name of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... State and its code, in case of a supply in the course of inter-State trade or commerce; and (j) signature or digital signature of the supplier or his authorized representative. Refund voucher Once an advance is received and subsequently where no supply is made and no tax invoice is issued in pursuance thereof, the said registered person may issue to the person who had made the payment, a refund voucher against such payment. The particulars of these refund voucher are: (a) name , address and GSTIN of the supplier; (b) 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 (c) date of its issue; (d) name , address and GSTIN or UIN, if registered, of the recipient; (e) number and date of receipt voucher issued in accordance with provisions of sub- rule 5; (f) description of goods or services in respect of which refund is made; (g) amount of refund made; (h) rate of tax (central tax, State tax, i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntegrated tax, Union territory tax or cess); (i) amount of tax paid in respect of such goods or services (central tax, State tax, integrated tax, Union territory tax or cess); (j) whether the tax is payable on reverse charge basis; and (k) signature or digital signature of the supplier or his authorized representative. Delivery Challan in case of Transportation of goods for job work OR Delivery Challan for transportation of goods for supply on approval OR Delivery Challan in case of supply of liquid gas OR Delivery Challan in cases other than by way of supply (excluding above three). It is advisable to maintain separate Delivery challans for :- Making an outward supply for sales Making an outward supply for jobwork Making an outward supply for intrastate movements not taxed under GST say from one site to another within the state. The consigner may issue a delivery challan, serially numbered not exceeding sixteen characters, in one or multiple series, in lieu of invoice at the time of removal of goods for transportation, containing the following details: (i) date and number of the delivery challan, (ii) name, address and GSTIN o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the consigner, if registered, (iii) name, address and GSTIN or UIN of the consignee, if registered, (iv) HSN code and description of goods, (v) quantity (provisional, where the exact quantity being supplied is not known), (vi) taxable value, (vii) tax rate and tax amount central tax, State tax, integrated tax, Union territory tax or cess, where the transportation is for supply to the consignee, (viii) place of supply, in case of inter-State movement, and (ix) signature. The delivery challan shall be prepared in triplicate, in case of supply of goods, in the following manner: (a) the original copy being marked as ORIGINAL FOR CONSIGNEE; (b) the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and (c) the triplicate copy being marked as TRIPLICATE FOR CONSIGNOR. Where goods are being transported on a delivery challan in lieu of invoice, the same shall be declared in FORM [WAYBILL].Where the goods being transported are for the purpose of supply to the recipient but the tax invoice could not be issued at the time of removal of goods for the purpose of supply, the supplier shall issue a tax invoice after delivery of goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Where the goods are being transported in a semi knocked down or completely knocked down condition, (a) the supplier shall issue the complete invoice before dispatch of the first consignment; (b) the supplier shall issue a delivery challan for each of the subsequent consignments, giving reference of the invoice; (c) each consignment shall be accompanied by copies of the corresponding delivery challan along with a duly certified copy of the invoice; and (d) the original copy of the invoice shall be sent along with the last consignment. ---- By CA Sagar Bhavsar Mr. Mohit Kalani, Sandesh Mundra Associates - Reply By Ganeshan Kalyani as = Self invoicing in case of reverse charge is an additional task. Ease is given that a consolidated invoice for all supplies received from an unregistered dealer during a month can be issued. Dated: 8-8-2017 - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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