GST Bills Components

S.No Particulars

1 Name, Address and GSTIN of Supplier

2 A Consecutive Serial Number

3 Date of Issue

4 Name, Address and GSTIN or UIN, if registered, of the recipient

5 Name and address of the recipient and the address of delivery, along with the name of
State and its code, if such recipient is un-registered and where the value of taxable
supply is fifty thousand rupees or more

6 HSN code of goods or Accounting Code of services

7 Description of goods or services

8 Quantity in case of goods and unit or Unique Quantity Code thereof

9 Total value of supply of goods or services or both

10 Taxable value of supply of goods or services or both taking into account discount
or abatement, if any

11 Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess)

12 Amount of tax charged in respect of taxable goods or services (central tax, State tax,
integrated tax, Union territory tax or cess)

13 place of supply along with the name of State, in case of a supply in the course of
inter-State trade or commerce

14 Address of delivery where the same is different from the place of supply

15 Whether the tax is payable on reverse charge basis; and

16 Signature or digital signature of the supplier or his authorized representative

 GST Main Types of Invoices

S.No Particulars

1 Tax Invoice (Section 31 of CGST Act)

2 Bill of Supply (Section 31 (3) (C) )

3 Tax Invoice by Recipient for 9(3) and 9(4) Supplies

4 Receipt Voucher

5 Refund Voucher

6 Three Copies of Invoice for Goods

7 Invoice for Supply of Services (In Duplicate)

8 Debit and Credit Note

9 Delivery Challan
 Input Tax Credit Main Sections in GST

S.No Particulars

Section -16 Eligibility and conditions for taking input tax credit

Section -17 Apportionment of credit and blocked credits.

Section -18 Availability of credit in special circumstances

Section -19 Taking input tax credit in respect of inputs and capital goods sent for job work.

Section -20 Manner of distribution of credit by Input Service Distributor

Section -21 Manner of recovery of credit distributed in excess

S.No Particulars

Rule-1 Documentary Requirement

Rule-2 Reversal for non payment

Rule-3 Claim of ITC by banking company/FI

Rule-4 Distribution of ITC by ISD

Rule-5 ITC in special cases

Rule-6 Transfer of ITC on sale/amalgamation/merger/lease/transfer

Rule-7 Reversal of ITC on I/IS

Rule-8 Reversal of ITC on capital Goods

Rule-9 Manner of reversal of credit

Rule-10 Inputs and capital Goods sent to a job worker

 Main RCM Services in GST

S.No

7
 Main RCM Services in GST

Particulars

Services provided or agreed to be provided by a goods transport agency (GTA) in respect of transportation
of goods by road.

Services provided or agreed to be provided by an individual advocate or firm of advocates by way of legal
services, directly or indirectly
Services provided or agreed to be provided by an arbitral tribunal

Sponsorship services

Services provided or agreed to be provided by Government or local authority*

Services provided or agreed to be provided by a director of a company or a body corporate to the said company
or the body corporate;

Radio taxi or Passenger Transport Services provided through electronic commerce operator
 Time of Supply in GST

Supply Goods (Section-12) Services (Section-13)

Forward Charges Earliest of Earliest of

1) Date of issue of invoice 1) Date of issue of invoice if with in Time

2) Receipt of Payment 2) Last Date to issue invoice (if not issue

with in Time)

3) Receipt of Payment

Reverse Charge Earliest of following Earliest of following

1) Date of Receipt of Goods 1) Date on which Payment is Made

2) Date of Payment 2) Date immediately following the

Sixty days date of issue of invoice
3) Date immediately following the
Thirty days date of issue of invoice
 GSTR-1 Main Components

S.No

(a)

(i)

(ii)

(b)

(i)

(ii)

(c)
 GSTR-1 Main Components

Particulars

The details of outward supplies of goods or services or both furnished in FORM GSTR-1
shall include, inter alia, –

invoice wise details of all -

inter-State and intra-State supplies made to registered persons; and

inter-State supplies with invoice value more than two and a half lakh rupees made to unregistered persons;

consolidated details of all -

intra-State supplies made to unregistered persons for each rate of tax; and

State wise inter-State supplies with invoice value upto two and a half lakh rupees made to unregistered persons
for each rate of tax;

Debit and credit notes, if any, issued during the month for invoices issued previously.
 GSTR Main Return in GST

GST Return Due Date Details Key Factors

GSTR-1 10th of Next Month Suppliers This Data will be auto populated to all your recipients

GSTR-2 15th of Next Month Receipts Here the supplies auto populated can be finally accecpted
and if any supply not there it can be added

GSTR-1A 17th of Next Month Modifications Here the date corrected in GSTR 2 can be accepted by
Supplier

GSTR-3 20th of Next Month Consolidated This return will be compiled from the data in GSTR-1
and GSTR-2 Tax liability will be calculated here and will
be part if thre is any refund in cash ledger it will also be
claimed via this return only

Annual Return 31th December Reconcilation This return will include the details of expenses also
of Next Year
 Supply Main Shedule Index in GST

Index Particulars

Supply All forms of supply of goods or services or both such as sale, transfer, barter,
exchange, licence, rental, lease or disposal made or agreed to be made for a
consideration by a person in the course or furtherance of business

Import of Services import of services for a consideration whether or not in the course or
furtherance of business

Schedule I Supply even if threre is no consideration.

Schedule II Activities to be Treated as Supply of goods and Services.

Schedule III Neither Supply of goods and Services.

Composite Supply A composite supply comprising two or more supplies, one of which is a
principal supply, shall be treated as a supply of such principal supply

Mixed Supply A mixed supply comprising two or more supplies shall be treated as a supply
of that particular supply which attracts the highest rate of tax
 Schedule of GST Rates for Services as Approved by GST Council

S.
No. Description of Services GST Rate

3 Services of goods transport agency (GTA) in relation to transportation 5% No ITC

of goods [other than used household goods for personal use]

6 Renting of motorcab 5% No ITC

(If fuel cost is borne by the service recipient, then 18% GST will apply)

19 Construction of a complex, building, civil structure or a part thereof, intended for 12% With Full ITC
sale to a buyer, wholly or partly. but no refund of
[The value of land is included in the amount charged from the service recipient] overflow of ITC

27 Composite supply of Works contract as defined in clause 119 of section 2 of 18% With Full ITC
CGST Act

36 All other services not specified elsewhere 18% With Full ITC
 Service Tax Exemptions to be continued in GST as decided by GST Council

S.No Services
1 Services by Government or a local authority excluding the following services—

(i) services by the Department of Posts by way of speed post, express parcel post,
life insurance,and agency services provided to a person other than Government;

(ii) services in relation to an aircraft or a vessel, inside or outside the precincts

of a port or an airport;

(iii) transport of goods or passengers; or

(iv) any service, other than services covered under clauses (i) to (iii) above, provided
to business entities.

34 Services by government, local authority or governmental authority by way of any activity

in relation to any function entrusted to a municipality under Article 243 W of the
Constitution

39 Services provided by Government or a local authority to a business entity with a turnover up

to rupees twenty lakh (ten lakh rupees in a special category state) in the preceding financial
year.

Explanation.- For the purposes of this entry, it is hereby clarified that the provisions of this
entry shall not be applicable to (a) services at S. No. 1 (i), (ii)and (iii); and

(b) services by way of renting of immovable property;

46 Services provided by Government or a local authority by way of issuance of passport, visa,

driving licence, birth certificate or death certificate.

47 Services provided by Government or a local authority by way of tolerating non-performance

of a contract for which consideration in the form of fines or liquidated damages is payable
to the Government or the local authority under such contract;

48 Services provided by Government or a local authority by way of- (a) registration required
under any law for the time being in force; (b) testing, calibration, safety check or
certification relating to protection or safety of workers, consumers or public at large,
including fire license, required under any law for the time being in force;

58 Taxable service provided by State Government Industrial Development Corporations/

Undertakings to industrial units by way of granting long term (thirty years, or more) lease
of industrial plots from so much of tax leviable thereon, as is leviable on the one time
upfront amount (called as premium, salami, cost, price, development charges or by any
other name) payable for such lease.

81 Services provided by Government or a local authority where the gross amount charged for
such services does not exceed Rs.5000/.
Provided that nothing contained in this entry shall apply to services S. No. 1 (i), (ii)
and (iii) above: Provided further that in case where continuous supply of service, as
defined in sub-section (33) of section2 of the CGST Act, 2017, is provided by the
Government or a local authority, the exemption shall apply only where the gross
amount charged for such service does not exceed Rs. 5000/- in a financial
 Particulars
In Section-7

(b) such activities or transactions undertaken by the Central Government, a

State Government or any local authority in which they are engaged as public
authorities, as may be notified by the Government on the recommendations of the
Council

Activities or Transactions which shall be treated neither as a Supply

of Goods Nor a Supply of Services

In Schedule III
Services by any court or Tribunal established under any law for the
time being in force.