Author: bihartaxconsultant

Rule 49. Bill of supply.- A bill of supply referred to in clause(c) of sub-section (3) of section 31 shall be issued by the supplier containing the following details, namely,- (a) name, address and Goods and Services Tax Identification Number of the supplier; (b) a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals […]

Rule 48. Manner of issuing invoice.-   (1) The invoice shall be prepared in triplicate, in the case of supply of goods, in the following manner, namely,- (a) the original copy being marked as ORIGINAL FOR RECIPIENT; (b) the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and (c) the triplicate copy being marked as TRIPLICATE FOR SUPPLIER. […]

Rule 47. Time limit for issuing tax invoice.- The invoice referred to in rule 46 , in the case of the taxable supply of services, shall be issued within a period of thirty days from the date of the supply of service: Provided that where the supplier of services is an insurer or a banking company or a financial […]

1 [Rule 46A. Invoice-cum-bill of supply. – Notwithstanding anything contained in rule 46 or rule 49 or rule 54 , where a registered person is supplying taxable as well as exempted goods or services or both to an unregistered person, a single “invoice-cum-bill of supply” may be issued for all such supplies.]   1 . Inserted by Notification No. 45/2017-CT dated 13.10.2017.  

CHAPTER VI TAX INVOICE, CREDIT AND DEBIT NOTES   Rule 46. Tax invoice.- Subject to rule 54 , a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars, namely,- (a) name, address and Goods and Services Tax Identification Number of the supplier; (b) a consecutive serial number not exceeding sixteen characters, in one […]

Rule 45. Conditions and restrictions in respect of inputs and capital goods sent to the job worker.-   (1) The inputs, semi-finished goods or capital goods shall be sent to the job worker under the cover of a challan issued by the principal, including where such goods are sent directly to a job-worker, 1 [and where the goods […]

1 [Rule 44A. Manner of reversal of credit of Additional duty of Customs in respect of Gold dore bar. – The credit of Central tax in the electronic credit ledger taken in terms of the provisions of section 140 relating to the CENVAT Credit carried forward which had accrued on account of payment of the additional duty of customs levied under […]

Rule 44. Manner of reversal of credit under special circumstances.- (1) The amount of input tax credit relating to inputs held in stock, inputs contained in semi-finished and finished goods held in stock, and capital goods held in stock shall, for the purposes of sub-section (4) of section 18 or sub-section (5) of section 29 , be determined in the […]

Rule 43. Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases.- (1) Subject to the provisions of sub-section (3) of section 16 , the input tax credit in respect of capital goods, which attract the provisions of sub-sections (1) and (2) of section 17 , being partly used for the purposes […]

Rule 42. Manner of determination of input tax credit in respect of inputs or input services and reversal thereof. – (1) The input tax credit in respect of inputs or input services, which attract the provisions of sub-section (1) or sub-section(2) of section 17 , being partly used for the purposes of business and partly for other purposes, […]