invoice record
kiran (accountant) (444 Points)
27 June 2018
Duplicate copy of invoice keep in record mandatory under Gst act
2 Replies
Vinod Babu
(24191 Points)
Replied 27 June 2018
Raising Copies of Invoice
The GST Law requires businesses to keep copies of all of their invoices. The details of this are furnished below.
Invoices for Supply of Goods
The invoice must be prepared in triplicate. They will be clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the transporter
Triplicate Copy for the use of the supplier
Invoices for Supply of Services
The invoice must be prepared in duplicate and clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the supplier
Form GSTR-1 will contain the serial number of invoices issued during the tax period along with other details of purchases.
Registered persons selling exempted goods/services or paying GST under composition scheme will need to issue a separate bill of supply.
The GST Law requires businesses to keep copies of all of their invoices. The details of this are furnished below.
Invoices for Supply of Goods
The invoice must be prepared in triplicate. They will be clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the transporter
Triplicate Copy for the use of the supplier
Invoices for Supply of Services
The invoice must be prepared in duplicate and clearly marked as:
Original Copy for the use of the recipient
Duplicate Copy for the use the supplier
Form GSTR-1 will contain the serial number of invoices issued during the tax period along with other details of purchases.
Registered persons selling exempted goods/services or paying GST under composition scheme will need to issue a separate bill of supply.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 27 June 2018
Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 shall retain them until the expiry of seventy-two months from the due date of furnishing of annual return for the year pertaining to such accounts and records:
Recent Topics
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
CAclubindia
