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                                 I nvoicing Under GST Tax Invoice:- As per Section 31 of CGST Act 2017   (1) A registered person supplying taxable goods shall , before or at the time of,— (a) Removal of goods for supply to the recipient, where the supply involves movement of goods; or (b) Delivery of goods or making available thereof to the recipient, in any other case, Issue a tax invoice showing the description, quantity and value of goods, the tax charged thereon and such other particulars as may be prescribed: Provided that the Government may, on the recommendations of the Council, by notification, specify the categories of goods or supplies in respect of which a tax invoice shall be issued, within such time and in such manner as may be prescribed. (2) A registered person supplying taxable services shall , before or after the provision of service but within a prescribed pe...

Watch more at our Youtube Channel Composition Scheme Under GST Composition Levy (1) Any person who has been granted registration on a provisional basis under clause (b) of sub-rule (1) of rule 24 and who opts to pay tax under section 10, shall electronically file an intimation in FORM GST CMP-01, duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, prior to the appointed day, but not later than thirty days after the said day, or such further period as may be extended by the Commissioner in this behalf: Provided that where the intimation in FORM GST CMP-01 is filed after the appointed day, the registered person shall not collect any tax from the appointed day but shall issue bill of supply for supplies made after the said day. (2) Any person who applies for registration under sub-rule (1) of rule 8 may give an option to pay tax unde...

Watch our Youtube channel for live discussion REVERSE CHARGE MECHANISM UNDER GST Gene r a l l y , the supplier of g oods or se r vices is liable to p a y GS T .   H o w e v e r , in specified c ases like impo r ts and other notified supplies, the liabili t y m a y be c ast o n the r ecipient under the reverse c har g e me c hanism.     R e v erse Char g e means the liabili t y to p a y tax is o n the r ecipient of supp l y of g oods or se r vices inste a d of the supplier of su c h g oods or se r vices in r espect of notified c ate g o r ies of supp l y . The r e are t w o t y pe of r e v erse c har g e scena r ios provided in la w . F irst is dependent o n the natu r e of supp l y and/or natu r e of supplie r . This scena r io is c o v e r ed b y secti o n 9 (3) of the C GST/SGST ( U T GS T ) Act and secti o n 5 (3) of the IGST A ct. S ec o nd ...