Thursday, 7 December 2017
Tuesday, 31 October 2017
TYPEOF INVOICE IN GST INDIA
Invoicing under GST
TYPEOF INVOICE IN GST INDIA
In the GST regime, two types of invoices will be issued:
1. Tax invoice
2. Bill of supply
1. Tax Invoice
When a registered taxable person supplies taxable goods or services, a tax invoice is issued. Based on the rules regarding details required in a tax invoice, a sample tax invoice has been shown:2. Bill of Supply
Tax invoice is generally issued to charge the tax and pass on the credit. In GST there are some instances where the supplier is not allowed to charge any tax and hence a Tax invoice can’t be issued instead another document called Bill of Supply is issued.Cases where a registered supplier needs to issue bill of supply:
- Supply of exempted goods or services
- Supplier is paying tax under composition scheme
How many copies of Tax Invoices are to be issued?
When goods are supplied, the supplier is required to issue three copies of the invoice– Original, Duplicate, and Triplicate.Original invoice: When a buyer makes the purchase he gets the first copy of invoice, marked as ‘Original for recipient’.
Duplicate copy: The duplicate copy is issued to the transporter( carrier of goods) to present as evidence as and when required, and is marked as ‘Duplicate for transporter’. The transporter doesn’t need to carry the invoice if the supplier has obtained an invoice reference number.
Note: How to generate “Invoice Reference Number”?Triplicate copy: This copy is retained by the supplier for his own record.
The supplier can obtain an Invoice reference number from the common portal (GSTN) by uploading a tax invoice issued by him. The invoice reference number will be valid for 30 days from the date of uploading.
In the next article we will learn about the invoicing rules, format of invoices to be issued etc in case of supply of services by registered GST dealers.
Saturday, 15 April 2017
Wednesday, 15 March 2017
inverter load,capacity ,rating,calculator,chart ,formula,spreadsheet
inverter,rating,capacity calculator,chart ,formula,spreadsheet
Inverter / Battery Detail:
inverter load,capacity calculator,chart ,formula,spreadsheet |
- Additional Further Load Expansion (Af)=20%
- Efficiency of Inverter (Ie) = 80%
- Required Battery Backup (Bb) = 2 Hours.
- Battery Bank Voltage = 24V DC.
- Loose Connection/Wire Loss Factor (LF) = 20%
- Battery Efficiency (n) = 90%
- Battery Aging Factor (Ag) =20%
- Depth of Discharge (DOD) =50%
Thursday, 9 February 2017
5G Technology
5G Wireless Technology Is Now Official, With a Logo
Rubber-stamping
the much-speculated name to the next generation wireless communication
technology, the 3GPP cellular standards group has officially adopted the
term '5G' going forward. The 'Organizational Partners' have approved
the new logo of 5G along with the name, which will become the
forthcoming wireless standard. The new 5G logo is derived from the LTE
Advanced Pro design, however forgoing the general recurrence of the 4G
LTE branding.
Sunday, 22 January 2017
Online assault took down bank’s digital services for more than two days
Cyber attack locks Lloyds customers out of accounts: Online assault took down bank’s digital services for more than two days
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