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invoice gst

23 May 2018

dear sir
suppose a company as NBFC providing loan and collect processing fees with GST from customer
it is necessary to issue invoice to customer for processing fees collected with gst

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2 Replies

Ravi SADhiyan (Practice) (4510 Points)
Replied 23 May 2018

Originally posted by : Sunil Killedar
	dear sir suppose a company as NBFC providing loan and collect processing fees with GST from customer it is necessary to issue invoice to customer for processing fees collected with gst

Issue Invoice to Customer and Show GST charge on service separtely

Mentioned GSTIN No. if Customer registered under GST

So that Customer take credit of ITC

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Ravi SADhiyan (Practice) (4510 Points)
Replied 23 May 2018

Originally posted by : Ravi SADhiyan
	Originally posted by : Sunil Killedar dear sir suppose a company as NBFC providing loan and collect processing fees with GST from customer it is necessary to issue invoice to customer for processing fees collected with gst Issue Invoice to Customer and Show GST charge on service separtely Mentioned GSTIN No. if Customer registered under GST So that Customer take credit of ITC

Rule 47 of Central Tax provides time limit for issued of tax invoice, this rules has given relaxation to banking company, which can issue “Tax Invoice with period of 45 days” from date of supply of services instead of “30 days”. Further Rule 54(2), provides further relaxation to Banking Company by providing an option to issue consolidated tax invoice or any other document in lieu of Tax Invoice at the end of the month for the supply of services made during a month.