Sunday, 8 January 2017

Section-28. Tax invoice

               Section-28.                                                Tax invoice

(1) A registered taxable person supplying taxable goods shall, before or at the time
of,-

(a)removal of goods for supply to the recipient, where the supply (a) involves movement
of goods, or

(b) delivery of goods or making available thereof to the recipient, in any other case,
issue a tax invoice showing the description, quantity and value of goods, the tax
charged thereon and such other particulars as may be prescribed:

PROVIDED that the Central/State Government may, on the recommendation of the
Council, by notification, specify the categories of goods and/or supplies in respect of
which the tax invoice shall be issued within such time as may be prescribed.

(2) A registered taxable person supplying taxable services shall, before or after the
provision of service but within a period prescribed in this behalf, issue a tax
invoice, showing the description, value, the tax payable thereon and such other
particulars as may be prescribed:

PROVIDED that the Central/State Government may, on the recommendation of the
Council, by notification, specify the categories of services in respect of which any
other document issued in relation to the supply shall be deemed to be a tax invoice,
subject to such conditions and limitations as may be prescribed.

(3) Notwithstanding anything contained in sub-sections (1) and (2):

(a) a registered taxable person may, within one month from the date of issuance of
certificate of registration and in such manner as may be prescribed, issue a
revised invoice against the invoice already issued during the period starting from
the effective date of registration till the date of issuance of certificate of
registration to him;

(b) a registered taxable person supplying exempted goods and/or services or paying
tax under the provisions of section 9 shall issue, instead of a tax invoice, a bill of
supply containing such particulars and in such manner as may be prescribed:

PROVIDED that the registered taxable person may not issue a bill of supply if the
value of the goods or services supplied is less than one hundred rupees except where
the recipient of the goods or services requires such bill.

(c) a registered taxable person shall, on receipt of advance payment with respect to
any supply of goods or services by him, issue a receipt voucher or any other
document, including therein such particulars as may be prescribed, evidencing
receipt of such payment;

(d) a registered taxable person who is liable to pay tax under sub-section (3) of
section 8 shall issue an invoice in respect of goods or services received by him on
the date of receipt of goods or services from a person who is not registered under
the Act.

(4) In case of continuous supply of goods, where successive statements of accounts
or successive payments are involved, the invoice shall be issued before or at the
time each such statement is issued or, as the case may be, each such payment is
received.

(5) In case of continuous supply of services,

(a) where the due date of payment is ascertainable from the contract, the invoice
shall be issued before or after the payment is liable to be made by the recipient
but within a period prescribed in this behalf whether or not any payment has
been received by the supplier of the service;

(b) where the due date of payment is not ascertainable from the contract, the invoice
shall be issued before or after each such time when the supplier of service
receives the payment but within a period prescribed in this behalf;

(c) where the payment is linked to the completion of an event, the invoice shall be
issued before or after the time of completion of that event but within a period
prescribed in this behalf.

(6) In a case where the supply of services ceases under a contract before the
completion of the supply, the invoice shall be issued at the time when the supply
ceases and such invoice shall be issued to the extent of the supply effected
before such cessation.

(7) For the purposes of sub section (4) and (5), the Central or a State Government
may on the recommendation of the Council, specify, by notification, the supply of
goods or services that shall be treated as continuous supply of goods or services.

(8) Notwithstanding anything contained in sub-section (1), where the goods (being
sent or taken on approval or sale or return or similar terms) are removed before
it is known whether a supply will take place, the invoice shall be issued before or
at the time when it becomes known that the supply has taken place or six
months from the date of removal, whichever is earlier.

Explanation.- The expression “tax invoice” shall be deemed to include a document
issued by an Input Service Distributor under section 21, and shall also include any
revised invoice issued by the supplier in respect of a supply made earlier.

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