1. Yes, you can have different dates for Tax Invoice and Eway bill because Tax Invoice and Eway bill can be generated before commencement of movement of goods. However, they can only be filled on a present day basis. There is no requirement that these have to be generated at the time commencement of moRead more

    Yes, you can have different dates for Tax Invoice and Eway bill because Tax Invoice and Eway bill can be generated before commencement of movement of goods. However, they can only be filled on a present day basis. There is no requirement that these have to be generated at the time commencement of movement of goods .

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  2. No, it is not possible to find GST number by name for all tax payers. However, you can find details by name of below tax payers: List of tax payers shared by state governments. Business who have shared GSTIN on their website.

    No, it is not possible to find GST number by name for all tax payers. However, you can find details by name of below tax payers: List of tax payers shared by state governments. Business who have shared GSTIN on their website.

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  3. If the supplier agency is registered under GST, the agency should charge GST for labour supply. It can also claim the input tax credit for the same. If the supplying agency is not registered under GST, the service receiver should charge GST under the reverse charge mechanism.

    If the supplier agency is registered under GST, the agency should charge GST for labour supply. It can also claim the input tax credit for the same. If the supplying agency is not registered under GST, the service receiver should charge GST under the reverse charge mechanism.

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  4. If freight is charged in bill with Goods , you can avail ITC (As per section 16) If GTA has Raise you a bill & charged 5% GST you cannot avail ITC (As per Notification 11/2017) If GTA has Raise you a bill & charged 12% GST , you can avail ITC

    If freight is charged in bill with Goods , you can avail ITC (As per section 16) If GTA has Raise you a bill & charged 5% GST you cannot avail ITC (As per Notification 11/2017) If GTA has Raise you a bill & charged 12% GST , you can avail ITC

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  5. Under GST, every registered person is eligible to claim ITC on purchase of goods/services intended to be used in the course of furtherance of business. However, it should be ensured that the cost of the air conditioner should be separately booked as plant and machinery and not included in the buildiRead more

    Under GST, every registered person is eligible to claim ITC on purchase of goods/services intended to be used in the course of furtherance of business. However, it should be ensured that the cost of the air conditioner should be separately booked as plant and machinery and not included in the building cost. Further, if the AC is installed in an office/ factory for business purposes, ITC can be available.

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  6. Yes. Embedding fake QR codes into a phishing email, text, or via social media. Upon scanning the bogus code, users are directed to websites with realistic-looking landing pages, where the victim may be prompted to login by entering PII (personally identifiable information). A forged QR code also hasRead more

    Yes. Embedding fake QR codes into a phishing email, text, or via social media. Upon scanning the bogus code, users are directed to websites with realistic-looking landing pages, where the victim may be prompted to login by entering PII (personally identifiable information). A forged QR code also has the potential to connect to unsecured Wi-Fi network or automatically navigate to a malicious link. Phoney codes may also take you to websites where malware can be automatically downloaded and used to steal sensitive information from your device, or even transfer spyware or viruses.

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  7. This answer was edited.

    Yes, an IRN can be generated a few days after the date of the invoice, but it is not recommended because you will be violating the Time of Supply rules by doing so. Besides, without an IRN, the invoice on hand will not be valid. Hence, it is recommended to generate IRN’s as and when invoices are raiRead more

    Yes, an IRN can be generated a few days after the date of the invoice, but it is not recommended because you will be violating the Time of Supply rules by doing so. Besides, without an IRN, the invoice on hand will not be valid. Hence, it is recommended to generate IRN’s as and when invoices are raised. A time limit to generate IRNs has not yet been notified. However, an invoice is considered valid only after its registration on the Invoice Registration Portal (IRP). Once uploaded on the IRP, the same will be registered immediately on a real-time basis

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  8. Yes, This can be done online on the GST Portal/GSTN The excess GST paid can be claimed as a refund within two years from the date of payment. This means that if excess GST is paid in the month of November 2017, GST refund application can be submitted until November 2019. The Proper Officer shall pasRead more

    Yes, This can be done online on the GST Portal/GSTN The excess GST paid can be claimed as a refund within two years from the date of payment. This means that if excess GST is paid in the month of November 2017, GST refund application can be submitted until November 2019. The Proper Officer shall pass an order for refund in GST RFD 06 and issue a payment advise in form GST RFD 05 post which the amount automatically gets credited to the bank account of the registered person. The order has to be passed within 60 days from the date of receiving a complete application.

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  9. There is no restriction on invoicing of export contracts in Indian Rupee. Further, in terms of Para 2.52 (a) of the Foreign Trade Policy (2015-2020), export proceeds against specific exports may also be realised in rupees, provided it is through a freely convertible Vostro account of a non-residentRead more

    There is no restriction on invoicing of export contracts in Indian Rupee. Further, in terms of Para 2.52 (a) of the Foreign Trade Policy (2015-2020), export proceeds against specific exports may also be realised in rupees, provided it is through a freely convertible Vostro account of a non-resident bank situated in any country other than a member country of the Asian Clearing Union (ACU) or Nepal or Bhutan. Export contracts and invoices can be denominated in Indian rupees against EXIM Bank/Government of India line of credit.

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  10. This answer was edited.

    There is no format prescribed by the Govt for a GST Invoice. The supplier of the goods or services can create a GST Invoice himself as per his convenience. However, the Govt has mandated mentioning the following contents in the GST Invoice (only applicable fields are to be filled) Name, AddressRead more

    There is no format prescribed by the Govt for a GST Invoice. The supplier of the goods or services can create a GST Invoice himself as per his convenience.

    However, the Govt has mandated mentioning the following contents in the GST Invoice (only applicable fields are to be filled)

    1. Name, Address & GSTIN No. of the supplie
    2. A consecutive serial number, in one or multiple series, containing alphabets or numerals or special characters like hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year.
    3. Date of its 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 unregistered and where the value of taxable supplies is Rs. 50,000 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 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 the discount or abatement (if any).
    11. Rate of Tax (CGST, SGST, IGST, UTGST).
    12. Amount of Tax Charged in respect of taxable goods or services (CGST, SGST, IGST, UTGST).
    13. Place of supply along with the name of State, in case of 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.
    16. Signature or Digital Signature of the supplier of his authorised representative.
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