vinayak (accountant) (255 Points)
23 July 2017We are private limited co. in mumbai. We have prepared sales invoices at 0 rate to one of our customer as they does not have service tax number. We are not sure whether they have received GSTN or not. Previous year also we have prepared invoice to them without service tax. What points should I consider while making such transaction under GST regime. What type of documnets should I collect from party. transaction amount is 11000.
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 23 July 2017
1. First you ll confirm your customer is registered or not..
2. If he registered, Receive his GSTN.
3. The item is excempt, then you can issue your invoice as tax column is '0'. No more limit for value if he registered.
4. If he is URD, then you ll be collect his PAN. Above Rs. 50000 sale value you get PAN from URD...
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