Under GST regime, Tax invoice is a very significant document It indicates the amount of GST and is also vital to claim input tax credit.
The prescribed format of Tax invoice under GST is mentioned under Rule 46. However, some relaxation and additional requirement is given in format of Tax invoice in some cases which is
Supply made by Banks, Insurance companies or financial institutions
Supply made by Goods Transport Agency
Supply made in case of passenger Transport service
Supply made by Input Service Distributor
What is the format of Invoice in case Supply made by Banks, Insurance companies or financial institutions?
When the supplier are banks, Insurers, Non- banking financial companies and financial institution, following relaxations are given
They may issue a consolidated tax invoice for all supplies made during the month on a monthly basis. Consolidated invoice may be issued and may be signed or digitally signed
Physically or
Electronically
Tax invoice is not necessarily required to have a serial number on it.
Address of recipient is also not mandatory on such tax invoice.
However, the relaxation shall be available in case of
Bill of supply
Debit Note
Credit Note
Payment Voucher
Receipt Voucher
Refund Voucher
What is the format of Invoice in case supply made by Goods Transport Agency (GTA)?
GTA or Goods Transport Agency, shall issue a tax invoice which shall contain information as specified under Rule 46 and some additional information such as :
The gross weight of the consignment
Name of the consignor and the consignee
Registration no. of the vehicle
Details of goods which are transported
Details of place of origin and destination
GSTIN of person who is liable to pay tax which may by person sending the goods (Consignor), the person receiving the goods ( Consignee) or GTA
What is the format of Invoice when supply is made for passenger Transport service?
Where the supplier of taxable service is supplying passenger transportation service, a tax invoice shall be issued which include Ticket in any form. In case of passenger transport service, following relaxation is given :
Tax invoice is not necessarily required to have a serial number on it.
Address of recipient is not required on tax invoice.
Apart from the above two details, tax invoice shall contain all other details mentioned in format of tax invoice under Rule 46.
The ticket may be issued physically or electronically and it may be signed or digitally signed. There is no need for signature in case it is issued electronically.
What is the format of Invoice in case supply is made by Input Service Distributor?
In the case of Input Service Distributor, the invoice or credit must contain the following details which is not required in GST Invoice issued in any other cases:
Name, address and GSTIN of the Input Service Distributor
Name, address and GSTIN of the recipient to whom credit is distributed
Serial no. in one or multiple series but not exceeding 16 characters
Date of issue
Amount of credit issued
Signature or digital signature of the ISD or his authorised representative
Relaxation is given for the tax invoice which is not necessarily required to be serially numbered in case where Input Service Distributor is a :
Bank
Financial Institution or
Non-Banking Financial Company
Tax invoice by taxable person in name of Input Service Distributor
If a taxable person receive some common input services, he can transfer that credit to Input Service Distributor provided
ISD and taxable person having same PAN and
Both are in same state
The format of tax invoice in above mentioned case shall be in the following format :
Name, address and GSTIN of the taxable person
Name, address and GSTIN of the Input Service Distributor
Serial no. in one or multiple series but not exceeding 16 characters
Date of its issue
GSTIN of supplier of common service
Original Invoice no. whose credit is required to be transferred
Taxable value, rate and amount of the credit
Signature or digital signature of the taxable person or his authorised representative
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