Tuesday 2 May 2017

INVOICING UNDER GST

Invoice is a simple document evidencing the list of goods sold or services rendered along with the consideration involved and the terms of payment for the transaction. Invoice has been used as an evidence to a transaction since about hundred years and with the basic idea of the invoice remaining the same, there have been variations of the formats for invoices and their requirements as mandated by the regulations. Yet again when the nation is gearing up for the biggest tax reform, the most basic change that comes for review is the invoicing process and an introduction of GST Tax Invoice by the Government.

READ MORE AT: http://akvassociate.com/blog/2017/05/02/invoicing-under-gst/

No comments:

Post a Comment

Whether sale of old Gold eligible to GST under RCM?

Section 9(4) of CGST Act mandates that tax on supply of taxable goods by an unregistered supplier to a registered supplier...