1.
GST Seminar
CA Dibyendu Das
May 2017

2. Contents Section 1 Invoice and other documents for supply Section 2
E-Way bill
Section 3
Place of supply
Section 4
Time of supply
Section 5
Accounts and Records
May 2017

3. Tax invoice and other documents for supply
Section 1
Tax invoice and other documents for supply

4. Time limit for issuing tax invoice
SUPPLY OF GOODS
Involving movement of goods
Before or at the time of removal of goods for supply to the recipient
Continuous supply of goods
Before or after the time of issuance of periodic statement or receipt of payment
No movement of goods involved
Before or at the time of delivery of goods or making available thereof to the recipient
Note: The above provisions are mandatorily applicable for all taxable supply of goods made, except where the value of supply is less than INR 200 and the recipient is not registered.
May 2017 4

5. Time limit for issuing tax invoice
SUPPLY OF SERVICES
Normal scenario
Before or within 30 days from the date of the provision of service
Banks, Insurance & Financial Institutions
Before or within 45 days from the date of the provision of service
Supply of service between distinct person, as above
Before accounting or expiry of the quarter
Continuous supply of service
On or before due date of periodic payment, as per contract
Before or at the time supplier receives payment; or on or before completion of the specified event
Note: The above provisions are mandatorily applicable for all taxable supply of goods made, except where the value of supply is less than INR 200 and the recipient is not registered.
May 2017 5

6. Manner of issuing tax invoice
Supply of taxable goods
Original copy “Original for Recipient”
Duplicate copy “Duplicate for Transporter”
Triplicate copy “Triplicate for Supplier”
Supply of taxable service
Duplicate copy “Duplicate for Supplier”
The serial number of invoices issued during a tax period shall be furnished electronically through the common portal in Form GSTR – 1
Multiple series of serial numbers can be maintained for a single registration
May 2017 6

7. Particulars of Tax Invoice
Sr. No.
Particular(s) under GST 1
Name, Address & GSTIN of the supplier 2
Consecutive serial number in one or multiple series (unique for a F.Y.) 3
Date of its issue 4
Name, Address & GSTIN of recipient, if registered 5
Name and address of the recipient, if unregistered and the address of delivery along with name of state and its code and value is INR 50,000/- or more 6
Place of supply (State) to be mentioned 7
Name and address of “Bill to” customer and “Ship to” customer, separately, if these are different 8
Taxable value & Quantity 9
Amount of CGST & SGST/UTGST or IGST 10
Rate of CGST & SGST/UTGST or IGST 11
Indicating where the tax is payable under reverse charge 12
Description and HSN Code of the product to be mentioned/ SAC in case of service (may not be required for specified class of persons) 13
Signature or digital signature of the supplier or his authorized representative
Service Accounting Code to be prefixed with ‘s’ for differentiating from HSN;
Description of goods and services may not be required to be submitted by the taxpayer as the same will be identified through the submission of HSN code for goods and Accounting Code for services
May 2017 7

8. Particulars of Export Invoice
The export invoice shall carry an endorsement:
“Supply meant for export on payment of IGST” or
“Supply meant for export under bond or letter of undertaking without payment of IGST”
Sr. No.
Particular(s) under GST 1
Name and Address of recipient 2
Address of delivery 3
Name of the country of destination 4
Number and date of application for removal of goods
May 2017 8

9. Debit note/ credit note
Other documents
Transportation of goods without invoice
Delivery Challan
Exempted goods/ service, composite dealer
Bill of supply
Receipt of advance
Receipt voucher
Refund of advance
Refund voucher
Increase/ decrease in value of supply in original invoice
Debit note/ credit note
Purchase from unregistered dealer
Self invoice
May 2017 9

10. Transportation of goods without issue of invoice
A Delivery Challan may be issued by the Consignor instead of an Invoice at the time of removal of goods for transportation in certain cases
Can be issued in case of following supplies
Supply of liquid gas where the quantity at the time of removal is not known
Transportation of goods for job work
Transportation of goods for reasons other than by way of supply – for ex. for Supply within same registration)
Serially numbered Challan to contain following details
Date and number of the delivery challan
Name, address and GSTIN of the consigner, if registered
Name, address and GSTIN or UIN of the consignee, if registered
HSN code and description of goods
Quantity (Actual or provisional, as available)
Taxable value of goods
CGST+SGST/UTGST or IGST rate and amount
Place of supply, in case of inter-State supply
Signature
Manner of Preparation of Challan
To be issued in Triplicate in the following manner:
Original copy marked as ORIGINAL FOR CONSIGNEE
Duplicate copy marked as DUPLICATE FOR TRANSPORTER
Triplicate copy marked as TRIPLICATE FOR CONSIGNER
Delivery Challan details should be declared in e-Way bill
May 2017 10

11. Particulars of Receipt Voucher
A Receipt Voucher is required to be issued in cases of receipt of advance from the recipient of goods or service
Sr. No.
Particular(s) under GST 1
Name, Address & GSTIN of the supplier 2
Consecutive serial number (unique for a F.Y.) 3
Date of its issue 4
Name, Address & GSTIN or UIN of recipient, if registered 5
Description of goods or services 6
Amount of Advance received 7
Rate of CGST+SGST/UTGST or IGST, as the case may be 8
Amount of CGST & SGST/UTGST or IGST in respect of taxable goods or services 9
Place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce 10
Indicating where the tax is payable under reverse charge 11
Signature or digital signature of the supplier or his authorized representative
May 2017 11

12. Documents – Debit/Credit Note/Revised or Supp. invoice
Sr. No.
Particular(s) under GST 1
Name, Address & GSTIN of the supplier 2
Nature of the document (the word “Revised Invoice”, wherever applicable, indicated prominently) 3
A consecutive serial number containing only alphabets and/or numerals, unique for a financial year along with date of issue 4
Name, Address & GSTIN of recipient 5
Serial number & date of the corresponding tax invoice or, as the case may be, bill of supply 6
Taxable value, Amount of CGST & SGST/UTGST or IGST credited or, as the case may be, debited to the recipient along with Rate of Tax 7
Signature or digital signature of the supplier or his authorized representative
Documents – Bill of supply (Exempted/Composite Supply)
Sr. No.
Particular(s) under GST 1
Name, Address & GSTIN of the supplier 2
A consecutive serial number containing only alphabets and/or numerals, unique for a financial year along with date of issue 3
Name, Address & GSTIN of recipient 4
Serial number & date of the corresponding tax invoice or, as the case may be, bill of supply 5
Description and HSN Code of the product to be mentioned/ SAC in case of service 6
Value of goods or services taking into account discount or abatement, if any 7
Signature or digital signature of the supplier or his authorized representative
'- Works contract - Invoice may be issued as per milestone. On what document would standalone movement of goods take place?
- Normal loss - Treatment and documentation?
May 2017 12

13. Section 2
e-Way bill

14. E-way bill
Every registered supplier shall be required to furnish information electronically before movement of goods in Form GST INS-01 where the consignment value of such goods exceeds INR 50,000.
E-way bill would be required for movement of goods in relation to supply, for reasons other than supply as well and for all inward supplies from an unregistered person.
The e-way bill once generated, shall be valid for 1, 3, 5, 10 or 15 days from the date of generation depending upon the distance the goods have to be transported.
Where the e-way bill is generated but the goods are not transported or are not being transported as per details furnished, within 24 hours, then such e-way bill shall be cancelled electronically, unless such e-way bill has been verified in transit in accordance with these rules
The registered recipient shall be required to communicate his acceptance or rejection of the consignment covered by the e-way bill within 72 hours of the details being made available to him on the portal. Otherwise, it shall be deemed that he has accepted the said details.
'- Works contract - Invoice may be issued as per milestone. On what document would standalone movement of goods take place?
- Normal loss - Treatment and documentation?
May 2017 14

15. Section 3
Place of supply

16. Place of Supply For Goods (Other than Import/Export)
When movement of goods is involved
Place where movement terminates for delivery
When movement of goods is not involved
Location of goods at the time of delivery to recipient
Delivery of goods on direction of third person
Principle place of business* of third person
On-site assembly/installation
Place of assembly/installation
Supply of goods on board a conveyance
Location at which goods are taken on board
*Principal place of business = place of business specified as the principal place of business in the certificate of registration
May 2017

17. Goods delivered on direction of third person
Place of supply shall be Maharashtra – IGST shall be levied by Supplier on tax invoice raised on ABC Ltd
Input tax credit shall be available to ABC Ltd
ABC Ltd shall raise a tax invoice on the customer charging CGST & SGST
Seamless flow of credit between ABC Ltd and Customer
Supplier
IGST
Maharashtra
Gujarat
CGST + SGST
Key issues
Whether transaction consists of two supplies (C to B) and (A to C)?
What is the place of supply?
Whether the supply is inter-State or intra-State?
Whether the implications are similar for in-transit sale transactions and transactions where goods are physically supplied from ?
ABC Ltd (Third Person)
Customer
Flow of invoice
Movement of Goods
May 2017

18. Place of Supply for Goods Import and Export
Location of the importer
Import of goods into India
Outside India
XYZ Ltd
India
Importer
Location outside India
Export of goods from India
Outside India
XYZ Ltd
India
Exporter
Movement of Goods
May 2017

19. Place of Supply of Service Location of supplier and recipient in India
Nature
Place of Supply
Default rule
Supply made to a registered person - Location of the registered person
Supply made to unregistered person – Location of recipient where address on record exists.
Specific rule
Covered in upcoming slides
Key takeaways
Place of supply crucial to determine whether the supply is a inter-state supply or intra-state supply
Accordingly tax to be levied
May 2017

20. Place of Supply of Service In relation to Immovable Property
Repair & Maintenance Service
Works contract
Import of service
Marketing Service
Project Development Service
Location at which immovable property is located or intended to be located
Services supplied directly in relation to an immovable property
May 2017

21. Place of Supply of Service
Description
If supplied to a registered person
If supplied to any other person
Event related service or training service
Training and performance appraisal service
Organisation of cultural, scientific, sporting, educational, entertainment event or any ancillary event
Insurance Service
The location of such registered person
Location where the services are actually performed
Location where the event is actually held
Location of the recipient of the insurance service
Transportation Service
Transportation of goods, including by way of mail or courier
Passenger transportation service
Location at which the goods are handed over for their transportation
Location where the person embarks on a conveyance for a continuous journey
On board services
Service on board a conveyance including vessel, aircraft, train or motor vehicle
First scheduled point of departure of the conveyance
Event based service
Financial Service
Banking and financial services including stock broking services
Location of the recipient on the records of the supplier
Location of the supplier if the location of the recipient is not available
May 2017

22. Place of Supply of Service
Description
Place of supply
Performance based services
Restaurant and catering services, personal grooming, fitness, beauty treatment, health services
Location where the services are actually performed
Telecommunication Service
Service by way of fixed telecommunication line, leased circuits, internet leased circuit, antenna services
Location where the antenna, line, cable or circuit is installed for supply of service
Mobile connection and internet services provided on post paid basis
Billing address of the recipient of service
Prepaid telecom, internet or DTH service
Through a selling agent, re-seller, distributor of SIM cards – address of the selling agent, distributor or re-seller
Directly to final customer – where such pre-payment is received
Any other case
Address of the recipient as per the records of the supplier
May 2017

23. Place of Supply of Services Location of supplier or recipient outside India
Nature
Place of Supply
Default rule
Location of recipient of service is known in ordinary course of business – Location of recipient of service
Location of recipient of service is not known in ordinary course of business – Location of supplier of service
Specific rule
Specific scenarios prescribed depending upon nature of service
Key takeaways
Place of supply crucial to determine whether the supply is a inter-state supply or intra-state supply
Accordingly tax to be levied
May 2017

24. Place of Supply of Services Location of supplier or recipient outside India
Service directly in relation to immovable property
Location where the immovable property is located or intended to be located
Location where the service is actually performed*
Service supplied in relation to goods made physically available to supplier**
Service supplied by way of admission to events
Location where the event is actually held
Location of supplier of services
Services supplied by banking company, intermediaries
*Except when service is provided from remote location
**The provision shall not apply in respect of services provided on goods temporarily imported into India for repairs and are exported after repairs without being put o use
May 2017

25. Place of Supply of Services Location of supplier or recipient outside India
Transportation of goods (other than mail or courier)
Transportation of passenger
Place where passenger embarks on a conveyance for a continuous journey
Place of destination of goods
May 2017

26. Place of Supply of Services
Services consisting of hiring of means of transport, including yatch but excluding aircrafts and vessels upto 0ne month
Location of supplier of services
Location of recipient of service
Online information and database access or retrieval services
Service supplied on board a conveyance during the course of passenger transport operation
First scheduled point of departure of the conveyance for the journey
May 2017

27. Section 4
Time of supply

28. Time of supply of goods Time of supply of goods
General Provision for goods
Earlier of:
Date of issue of invoice
Date of receipt of payment
Reverse charge for goods
Date of receipt of goods
Date on which payment is made
Date immediately following 30 days from the date of invoice
May 2017

29. Time of supply of services
General Provision for goods
Earlier of:
Date of issue of invoice
Date of receipt of payment
Reverse charge for services
Date on which payment is made
Date immediately following 60 days from the date of invoice
Import of services from AE Earlier of:
Entry in the books of account of recipient
Date of payment
May 2017

30. Advances Procedure Month 1 – advance received
Impact/ Challenges
Bifurcation of advance against each HSN/ SAC in case of common invoice for multiple services required
State Code to be provided - advances would need to be specifically aligned to a State
Transaction ID would be auto generated by system on payment of tax and needs to be captured in IT system
Advance received for services to be supplied
Receipt voucher or other specified document to be issued
Time of supply of service – receipt of payment – tax liability triggered
Invoice wise and SAC wise reporting in GSTR -1 (Part 11)
Transaction ID would be generated on payment of tax for each transaction
May 2017

31. Advances Procedure (contd)
Month 2 – invoice raised
Invoice raised – preferably should have details of advance document number
Invoice details (for which advance received) to be reported in part 12 of GSTR 1
Tax to be paid on balance invoice value after adjustment of tax paid on advance
Impact/ Challenges
How to show tax adjustment for GST of advance on actual invoice?
System to be configured to link document for advance to actual invoice and auto reporting for return
In case of partial adjustment of invoice against advance - Invoice to be reported twice - in outward supply as well as in part 12 of GSTR 1
Transaction ID may be used multiple times till advance adjusted
May 2017

32. Section 5
Accounts and Records

33. Accounts and Records
Maintenance of accounts and records by registered persons
Production or manufacture of goods
Inward and outward supply of goods or services or both
Stock of goods for each commodity received & supplied,
Input tax credit availed
Output tax payable and paid
Advances received, paid and adjustments made thereto
Goods or services imported/exported or supplies covered under reverse charge
Register of tax invoice, credit note, debit note, delivery challan issued or received
Names and complete addresses of suppliers or recipient, from/to whom goods or services have been received/supplied
Records/Details pertaining to following to be maintained at principal place of business
Invoices
Bills of supply
Delivery challans
Credit/Debit Notes
Documents to be kept alongwith the records mentioned above
Receipt Voucher
Payment Voucher
Refund Voucher
E-Way bill
May 2017 33

34. Accounts and Records Other provisions
More than one place of Business
More than one place of business is specified in the certificate of registration
Books of accounts, including electronic records, relating to each place of business shall be kept separately at such places of business
Different activities undertaken
The account or records specified shall be maintained separately for each activity like:
Manufacturing
Trading
Provision of services; etc.
Manner & Time for maintaining records
Accounts and other records may be kept & maintained in Electronic form
Records should be retained till six years from the due date of furnishing of annual return for that year
For matters under any litigation under the GST Act, accounts and records pertaining to that issue shall be retained for one year after the final disposal/conclusion of the litigation
Records may be maintained in electronic form and it shall be authenticated by a digital signature
May 2017 34

35. Accounts and Records
Requirements of maintaining records for specific set of persons
Manufacturer
Monthly production accounts, showing the quantitative details of raw materials or services used in the manufacture and quantitative details of the goods so manufactured including the waste and by products thereof
Service Provider
Quantitative details of goods used in the provision of each service, details of input services utilised and the services supplied
Carrier or C&F Agent
Applies to a person having custody over the goods in the capacity of a carrier or a C& F Agent for delivery to a recipient on other’s behalf
He shall maintain true and correct records in respect of such goods handled by him
May 2017 35

36. Agent –accounts depicting (for each contract separately)
Accounts and Records
Requirements of maintaining records for specific set of persons
Agent –accounts depicting
Authorization received from each principal to receive or supply goods/services on his behalf
Description, value & quantity of goods or services supplied/received on behalf of principal
Details of accounts furnished to every principal
Tax paid on receipts or on supply of goods or services effected on behalf of every principal
Description, value & quantity of goods or services received & utilized in execution of each contract
Works Contractor
(for each contract separately)
Names and addresses of the persons on whose behalf the works contract is executed
Details of payment received in respect of each works contract
Names and addresses of suppliers from whom he has received goods or services
May 2017

37. Thank you
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