Sample Tax invoice

 Introduction:

An invoice is a commercial instrument issued by a seller to a buyer. It identifies both the trading parties, and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts, if any, and the delivery and payment terms. 

Importance of tax invoice under GST:

Under GST, a tax invoice is an important document. It not only evidences the supply of goods or services, but is also an essential document for the recipient to avail Input Tax Credit (ITC). A registered person cannot avail Input Tax Credit unless he is in possession of a tax invoice or a debit note.GST is chargeable at the time of supply. Invoice is an important indicator of the time of supply. Broadly speaking, the time of supply of goods or services is the date of issuance of an invoice or receipt of payment, whichever is earlier.

Contents of invoice: 

There is no format prescribed for an invoice, however, Invoice rules makes it mandatory for an invoice to have the following fields (only applicable field are to be filled):

 (a) Name, address and GSTIN of the supplier

 (b) A consecutive serial number, in one or multiple series, containing alphabets or numerals or special characters like hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination there of, 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 there of 

 (i) Total value of supply of goods or services or both 

 (j) Taxable value of supply of goods or services or both, taking into account the 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 

 (p) Signature or digital signature of the supplier or his authorized representative

Auto-population of e-invoice details intoGSTR-1

 

Auto-population of e-invoice details into GSTR-1

11/01/2021

1. From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’).

From 1-1-2021, the taxpayers with aggregate turnover above Rs. 100 Cr. had also started reporting invoices to IRP.
Details from the reported e-invoices are being auto-populated in respective tables of GSTR-1. Update on the same was last published on 30/12/2020
A detailed advisory regarding methodology of auto-population of e-invoice details into GSTR-1 is already published on GSTR-1 dashboard. You can read the same HERE.

2. It is observed that, while pulling the e-invoice data for the month of December, 2020 into GSTR-1, details of some invoices were not populated into GSTR-1. This inadvertent gap is being rectified on priority and details of those invoices will be pushed to GSTR-1 shortly.

However, taxpayers should not wait for the same and advised to proceed with preparation and filing of GSTR-1 for the month of December, 2020 (before the due date), based on actual data as per their records.    

3. As already noted in the afore-mentioned advisory, the taxpayers may modify/delete only those documents where the details auto-populated from e-invoices are not as per the actual documents issued.

Otherwise, the details of e-invoices auto-populated in GSTR-1 can be edited/deleted by the taxpayer.However, in such cases, the ‘Source’, ‘IRN’ and ‘IRN date’ fields will be reset to blank in respective tables of GSTR-1 and accordingly won’t get reflected in GSTR-2A/2B/4A/6A also. Such edited documents will be treated as if they were not auto-populated but uploaded separately by taxpayer. 

4. Other than the details auto-populated from e-invoices, taxpayers are required to add details of any other supplies made, in respective tables of GSTR-1.

5. An additional facility of consolidated excel download of all documents auto-populated from e-invoices is available in GSTR-1 dashboard. This file includes details of cancelled documents also.  

However, any subsequent modifications made to the auto-populated documents (in GSTR-1 tables) would not be reflected in this excel file.

Aadhaar Authentication / e-KYC for Existing Taxpayers on GST Portal

 

1. Authentication and e-KYC where Aadhaar is not available, has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal. This is not applicable for Government Departments, Public Sector Undertakings, Local Authorities and Statutory Bodies.


2. What is Aadhaar Authentication or e-KYC
   
   
   a)If Aadhaar is available, the Primary Authorized signatory and 1 person who is Proprietor/Partner/Director /Managing Partner/ Karta of the entity registered can go for the Aadhaar Authentication.
   b)In absence of Aadhaar, they can upload any of the following documents to undergo e-KYC:
   
   
   •Aadhaar Enrolment Number
   •Passport
   •EPIC (Voter ID Card)
   •KYC Form
   •Certificate issued by Competent Authority
   •Others
   
   
   
   
   


3. How to do Aadhar Authentication/ e-KYC on Portal
   
   a)When an existing registered taxpayer would login, a pop-up with Question will be shown “Would you like to authenticate Aadhaar of the Partner/Promotor and Primary Authorized Signatory “ with the two options “Yes, navigate to My Profile” and “Remind me later”.
   
   
   
   
   b)If taxpayer clicks on “Remind me later” pop up will be closed and user can navigate anywhere on the GST portal.
   
   
   c)If taxpayer clicks on “Yes, Navigate to My Profile”, system will navigate to My Profile. In MY PROFILE, a new tab “Aadhaar Authentication status” has been shown from where link for Aadhaar Authentication to the Primary Authorized Signatory and one of promoters/partners as selected by him will be sent.
   
   
   
   
   
   
   Note: If same person is Primary Authorized Signatory and Partner/Promoter, Aadhaar authentication is only required to be done for that person.
   
   d)On the My profile page, in addition to SEND AADHAAR AUTHENTICATION LINK, UPLOAD E-KYC DOCUMENTS option would also be displayed to taxpayer from where they can upload the e-KYC documents on Portal. In this case, the process of e-KYC authentication would be subject to approval of uploaded e-KYC documents by Tax Official.
   
   
   
   
   
   


4. For more details:


Click on https://tutorial.gst.gov.in/userguide/registration/index.htm#t=manual_aadhaar.htm –For UM

Click on https://tutorial.gst.gov.in/userguide/registration/index.htm#t=FAQs_aadhaar.htm – For FAQs

Simple steps to generate e-invoice in simple way with IRN and we code

 From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. 

How to created login details for e-invoces:

• For generate e-invoce we need to create credentials in https://einvoice1.gst.gov.in/ 
• Then we need to click on  menu>registration>portal login>your GSTIN>CAPTCHA>OTP from your register mobile number.
  
  
  
• We need to create our login id and password 
• Then click on login we will directed to portal 

API generation:

• After creating login details in e-invoice portal click on API registration >OTP from your registered Mobile number> create user id and password using these credentials, a token and request for the IRN can be generated.

Using the offline tool:

• The invoices can be uploaded in the standard format and the IRN can be generated in one go.  
• After creation of login id  then click on e invoice then you can upload file JSON file for generating bulk invoices .
• Then you can view how many invoices are success and how many got failed.
• 
  
  
  
  
• There only you can download bulk invoices by clicking on download signed JSON
• Or click on print then you can provide IRN id  or ack number
  
  
  
• Then you can view your invoice with QR code IRN number and bar code.
  
  
  

Cancel invoice:

• For  e-invoice cancellation click on e-invoice>cancel e-invoice>IRN or ack number >cancel .
  
  
  
  
  
• Then print > IRN or ack number>invoice will generate with watermark of cancelled
  
  
  

Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020

 13/01/2021

1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 10th Nov., 2020, has inserted sub rule 6 in Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax period of December, 2020 as under:

Sl. No	Taxpayers with aggregate turnover (PAN based) in the previous financial year	Having principal place of business in the State/ UT of	Due date of filing of Form GSTR- 3B, for December, 2020
1	More than Rs 5 Crore	All States and UTs	20th January, 2021
2	Upto Rs 5 Crore	States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana and Andhra Pradesh, the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep	22nd January, 2021
3	Upto Rs 5 Crore	States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi	24th January, 2021

System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal

 

System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal

1. A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported by them, in their GSTR-1 statement, for the said tax period.



Note: This facility will also be provided to quarterly GSTR-1 filers in due course of time.



2. This PDF will be available on their GSTR-3B dashboard, from tax period of August 2020 onwards, containing the information of GSTR-1 filed by them on or after 4th September 2020. This will make filing of their Form GSTR-3B easier for them.


3. This facility is provided to all taxpayers registered as a Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.


4. Tables of Form GSTR 3B will be Auto-Drafted in pdf statement: Following Tables of Form GSTR-3B will be auto drafted, on basis of values reported in GSTR-1 statement, for the said period:
• 3.1(a) - Outward taxable supplies (other than zero rated, nil rated and exempted)
• 3.1(b) - Outward taxable supplies (zero rated)
• 3.1(c) - Other outward supplies (Nil rated, exempted)
• 3.1(e) - Non-GST outward supplies
• 3.2 - Supplies made to un-registered persons
• 3.2 - Supplies made to composition taxable persons
• 3.2 – Supplies made to UIN holders


5. In this, following points may be noted:
• In case, any of the above values is negative as per GSTR-1 statement, those figures would be mentioned as Zero in the auto-drafted PDF and will not be carried forward to next period.
• Turnover & tax are computed after taking into account credit notes, debit notes, amendments and advances, if any.
• Only filed GSTR-1 statements are considered for auto-population of the values in Form GSTR-3B.


6. This PDF is only for assistance of taxpayers to get the auto drafted values of Table 3 of their Form GSTR 3B (as per their filed GSTR 1 statement). Taxpayers, however, are required to verify & file their Form GSTR-3B, with correct values.