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    Aishu
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    The document discusses the importance of tax invoices under the Goods and Services Tax (GST) regime in India. Tax invoices help compute a taxpayer's tax liability, allow for claiming input tax credits, and determine the time and place of supply of goods and services. The enclosed literature covers key aspects of invoices such as when they must be issued, their required contents, revised invoices, receipt and refund vouchers, invoices for reverse charges, continuous supplies, sales on approval, credit and debit notes, issuance procedures, and special cases.

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    STUDY MATERIAL OF TAXATION

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    The document discusses the importance of tax invoices under the Goods and Services Tax (GST) regime in India. Tax invoices help compute a taxpayer's tax liability, allow for claiming input tax credits, and determine the time and place of supply of goods and services. The enclosed literature covers key aspects of invoices such as when they must be issued, their required contents, revised invoices, receipt and refund vouchers, invoices for reverse charges, continuous supplies, sales on approval, credit and debit notes, issuance procedures, and special cases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    20 views2 pages

    Study Material of Taxation

    Uploaded by

    Aishu
    The document discusses the importance of tax invoices under the Goods and Services Tax (GST) regime in India. Tax invoices help compute a taxpayer's tax liability, allow for claiming input tax credits, and determine the time and place of supply of goods and services. The enclosed literature covers key aspects of invoices such as when they must be issued, their required contents, revised invoices, receipt and refund vouchers, invoices for reverse charges, continuous supplies, sales on approval, credit and debit notes, issuance procedures, and special cases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    STUDY MATERIAL-E

    TAX INVOICE UNDER GST


    Tax invoice plays an important role in computing the tax liability of the assessee. It helps in
    availing the ITC by the eligible persons. It also helps in deciding the time of supply and place of
    supply of goods/services.

    You are informed to study the aspects concerning the invoice and other such documents by
    going through the literature published by the CENTRAL BOARD OF EXCISE AND CUSTOMS
    which is enclosed herewith.

    The enclosed literature mainly covers the following important aspects:

    • Introduction to invoice
    • Importance of invoice under GST
    • When a tax invoice needs to be issued – in case of goods, in case of services
    • The contents of invoice
    • Revised invoice
    • Receipt voucher and refund voucher on receipt of advance payment
    • Invoice/payment voucher in case of reverse charge
    • Invoice in case of continuous supply of goods
    • Invoice in case of continuous supply of services
    • Sale on approval basis
    • Credit notes
    • Debit notes
    • Manner of issuing invoice
    • Tax invoice in special cases
    • Transportation of goods without invoice

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