sidhigiri (Ipcc) (236 Points)
26 June 2018One of my GST register clients has small grocery business so whether he required to issue an invoice for each sale( like Rs 20, 50, 75 ) or 1 consolidated invoice is sufficient at the end of the day, and if consolidated invoicing is allowed the what points should be mention in an invoice.
thanx
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 26 June 2018
SEPARATE INVOICES FOR EACH SALES
sidhigiri
(Ipcc)
(236 Points)
Replied 26 June 2018
but as per cgst rules invoice ins not required is sale amount is less than rs 200
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1693 Points)
Replied 26 June 2018
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 26 June 2018
Yes Mansi is correct but if the buyer demands a tax invoice then you will have to give him a tax invoice even if invoice value is less than 200.
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 26 June 2018
Yes Mansi is correct but if the buyer demands a tax invoice then you will have to give him a tax invoice even if invoice value is less than 200.
Hardik Lashkari
(Content Writer)
(3449 Points)
Replied 27 June 2018
Hi Sidhigiri,
According to the Section 31(3)(b) of CGST Act,
"A registered person may not issue a tax invoice if the value of the goods or services or both supplied is less than two hundred rupees subject to such conditions and in such manner, as may be prescribed"
According to the proviso to Rule 1 of Invoice Rules,
"A registered person may not issue a tax invoice in accordance with the provisions of clause (b) of sub-section (3) of section 31 subject to the following conditions, namely:-
(a) the recipient is not a registered person; and
(b) the recipient does not require such invoice
and shall issue a consolidated tax invoice for such supplies at the close of each day in respect of all such supplies.
Taking the provisions into consideration, I advise that your client can issue a consolidated invoice for all the invoices of value less than Rs. 200 provided that the recipient is either unregistered or doesn't require an invoice.
Thanks
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