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RETAIL INVOICE

NAGESWARAN (ACCOUNTANT) (834 Points)

21 December 2018

Hello experts

One of my client in retail business monthly turnover 80000. Issuing bill for total amount only. For eg. 2 shirt...500.00

Gst filing regularly. In future if any authorities request to submit the bill for verifications, how to maintain these bill. Can we prepare consolitated single invoice/statement for each and everymonth.

Pls give brief descripttion.

Thanks

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4 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 December 2018

No..... you cannot

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CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 21 December 2018

you you cant make a single bill. you should make bills on regular basis . bills should be made as soon as sales takes place

NAGESWARAN (ACCOUNTANT) (834 Points)
Replied 21 December 2018

Dear Mr pankajji and Mrs Neha
Thanks for ur reply. But the foll section says.

As per Rule 46 of the CGST Rules a consolidated tax invoice may be issued for day sales where the recipient is an unregistered person and does not require a tax invoice.

What is that meaning

Thanks

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 21 December 2018

Provided further that where an invoice is required to be issued under clause (f) of sub-section (3) of section 31, a registered person may issue a consolidated invoice at the end of a month for supplies covered under sub-section (4) of section 9, the aggregate value of such supplies exceeds rupees five thousand in a day from any or all the suppliers:

you can make consolidated bill incase of sec 9(4) rcm