GST Tip – 362

As per Notification No.   45/2017 – Central Tax in Sub-rule 2 of Rule 54 in case of documents issued by a bank or financial institution, the words “tax invoice” is replaced by a new term known as “consolidated tax invoice” as the statement is issued for a period.

 

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GST Tip – 315

As per Rule 46 of the CGST Rules, a registered taxpayer can issue a consolidated tax invoice at the end of the day if the transaction value is less than or equal to Rs 200 if the recipient does not require tax invoice or recipient is a non-registered taxpayer.

GST Tip – 298

As per Rule 46 of the CGST Rules 2017, a registered tax payer, other than a composition taxpayer can issue a consolidated tax invoice at the end of the day for all the transaction where tax invoices are not issued for a value less than Rs 200 per transaction.

State Codes as per GST

List of State codes as per GST

State Codes as per GST

The above is the list of state codes under GST and this has to be used for the place of supply on the tax invoice. Place of supply has to be shown on the tax invoice if it is different from the location of the recipient and the same information has to be shown in GSTR – 1.

 

GST Tip – 233

As per the Tax Invoice, Credit and Debit Note Rules, in case of supplier who is giving passenger transportation services, 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 should contain other information related to tax invoice.