First stage dealer

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2014 Is a first stage Dealer required to intimate AC/DC before the use of invoice book?If yes than how it is to be intimated?

How many copies of Invoice are to be issued by First stage dealer?

Sample Invoice of First Stage Dealer?

Does any document accompany the return of first stage dealer?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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03 February 2014 You can intimated for new invoice book on online also.

Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2014 Please reply to other doubts???

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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24 July 2024 A "First Stage Dealer" under the Central Excise and GST (Goods and Services Tax) regimes in India has specific requirements regarding invoicing and compliance. Here are the details:

1. **Intimation to AC/DC before use of invoice book:**
- Under Central Excise: A first stage dealer is required to intimate the jurisdictional Assistant Commissioner or Deputy Commissioner (AC/DC) of Central Excise before commencing the use of invoice books. This is typically done by submitting a formal letter or application to the concerned AC/DC office.
- Under GST: A first stage dealer needs to obtain a GST registration and start using GST-compliant invoice formats. The process does not specifically require intimation before using invoice books to GST authorities, but compliance with GST invoice rules is mandatory.

2. **Number of Copies of Invoice:**
- For both Central Excise and GST:
- Original copy: To be given to the buyer.
- Duplicate copy: To be retained by the first stage dealer.
- Triplicate copy: To be sent to the jurisdictional Central Excise or GST officer (depending on the tax regime applicable).

3. **Sample Invoice of First Stage Dealer:**
- A sample invoice format for a first stage dealer under GST typically includes:
- GSTIN (Goods and Services Tax Identification Number)
- Name, address, and contact details of the first stage dealer
- Invoice number and date
- Buyer's details (name, address, GSTIN if registered)
- Description, quantity, and value of goods
- Taxable value, applicable taxes (CGST, SGST/UTGST, IGST), and total amount
- Signature of the authorized person

- The format may vary slightly depending on whether the dealer is dealing with intra-state (within the state) or inter-state (between states) transactions.

4. **Documents accompanying the return of first stage dealer:**
- Under Central Excise: The return of a first stage dealer under Central Excise is typically accompanied by copies of invoices issued, relevant supporting documents like transport documents, and any other documents as required by Central Excise rules.
- Under GST: The return of a first stage dealer under GST is accompanied by details of outward supplies (sales) and inward supplies (purchases), invoices issued, and any other documents as required by GST rules.

It's important for first stage dealers to stay updated with the latest regulations under both Central Excise and GST, as compliance requirements can evolve over time. Consulting with a qualified tax professional or legal advisor can provide specific guidance tailored to your business and ensure compliance with all relevant laws and regulations.