1. Invoices, Accounts, E-Way bills Payments under GST
Kush Vora
Institute of Chartered Accountants of India
Cuffe Parade
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2. Tax Invoices, Debit Notes & Credit Notes
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3. Subodh Vora & Co., Chartered Accountants. All rights reserved
Tax Invoice- S. 31
Type
Goods
Services
Normal supply
Before or at time of removal of goods or delivery
Before or after provision of service but within 30 days
Continuous supply
In case of successive statements issued- before or at time of submission of statement of accounts
In case of successive payments- at the time of receipt of payment
Where due date is ascertainable as per contract- before or within 30 days from such due date
Where due date is not ascertainable as per contract- before or within 30 days from such payment
Where payment linked to completion of event- before or within 30 days from completion of event
Manner
Original- For Recipient
Duplicate- For Transporter
Triplicate- For Supplier
Original- For Supplier
Duplicate- For Recipient
Subodh Vora & Co., Chartered Accountants. All rights reserved

4. TYPE OF INVOICES Sr. No. Type Prescribed 1. Normal supply > INR 200
Tax Invoice 2.
Exports
Export invoice 3.
Composition scheme
Bill of Supply 4.
Advances received
Receipt Voucher 5.
Advances canceled
Refund voucher 6.
Reverse Charge payments
Payment voucher 7.
Input Service Distributor
Tax invoice of special nature
Subodh Vora & Co., Chartered Accountants. All rights reserved

5. TAX INVOICE- PARTICULARS
Normal Invoice 1.
Name, address and GSTIN of the supplier 2 3.
Consecutive serial number
Date of its issue 4.
Name, address and GSTIN, of the recipient; 5.
HSN code for goods or SAC code for services 6.
Description of goods/ services 7.
Quantity 8.
Total value 9.
Taxable value after discount or abatement
10.
Place of supply with name of state in case of inter state supplies
11.
Address of delivery
12.
13.
Rate of tax
Amount of tax
14.
Whether tax is payable under RCM
15.
Signature or Digital Signature
Exports 1.
“SUPPLY MEANT FOR EXPORT UNDER BOND OR LETTER OF UNDERTAKING WITHOUT
PAYMENT OF INTEGRATED TAX” 2.
Name and address of the recipient; 3. 4.
Name of the country of destination
Subodh Vora & Co., Chartered Accountants. All rights reserved

6. BILL OF SUPPLY- PARTICULARS
Format 1.
Name, address and GSTIN of the supplier 2. 3.
Consecutive serial number
Date of its supply
Name, address and GSTIN, of the recipient; 4.
HSN code for goods or SAC code for services 5.
Description of goods/ services 6.
Total value 7.
Taxable value after discount or abatement 8.
Place of supply with name of state in case of inter state supplies 9.
Signature or Digital Signature of supplier or authorized representative.
Subodh Vora & Co., Chartered Accountants. All rights reserved

7. RECEIPT VOUCHER-PARTICULARS
Format 1.
Name, address and GSTIN of the supplier 2. 3.
Consecutive serial number
Date of its issue 4.
Name, address and GSTIN, of the recipient; 5.
HSN code for goods or SAC code for services 6.
Description of goods/ services 7.
Amount of advance taken 8.
Amount of tax charged 9.
Place of supply with name of state in case of inter state supplies
11.
Whether tax is payable under RCM
12.
Signature or Digital Signature
Subodh Vora & Co., Chartered Accountants. All rights reserved

8. REFUND VOUCHER- PARTICULARS
Format 1.
Name, address and GSTIN of the supplier 2. 3.
Consecutive serial number
Date of its issue 4.
Name, address and GSTIN, of the recipient; 5.
Number & date of receipt voucher issued. 6.
Description of goods/ services 7.
Amount of refund made 8.
Rate of tax 9.
Whether tax is payable under RCM
10.
Signature or Digital Signature
Subodh Vora & Co., Chartered Accountants. All rights reserved

9. PAYMENT VOUCHER- PARTICULARS
Format 1.
Name, address and GSTIN of the supplier 2. 3.
Consecutive serial number
Date of its issue 4.
Name, address and GSTIN, of the recipient; 5.
Description of goods/ service 6.
Amount of tax payable 7.
Amount paid 8.
Rate of tax 9.
Place of supply with name of state in case of inter state supplies
10.
Signature or Digital Signature
Subodh Vora & Co., Chartered Accountants. All rights reserved

10. Subodh Vora & Co., Chartered Accountants. All rights reserved
Credit & Debit Notes
Credit Notes
Debit Notes
Price is reduced
Goods are returned
Services found to be deficient
Price is increased
* Only supplier to issue Credit or Debit Note
* Incidence of tax not to be passed on to other person
Subodh Vora & Co., Chartered Accountants. All rights reserved

11. REVISED INVOICE, DN NOTE, CR. NOTE
Format 1.
The word “Revised invoice” wherever applicable 2.
Name, address and GSTIN of the supplier 3.
Consecutive serial number 4.
Name, address of the recipient and the address along with the state name 5.
Nature of document 6.
Name, address and GSTIN, of the recipient; 7.
Serial number and date of corresponding tax invoice 8.
Rate of tax 9.
Signature or Digital Signature
Subodh Vora & Co., Chartered Accountants. All rights reserved

12. 2. Accounts and Records
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13. Accounts & Records.. E.g. Invoices Bill of supply Delivery challans
Production or manufacture of goods
Inward & outward supply of goods & service both
Stock of goods
Input tax credit availed
Output tax payable and paid
E.g.
Invoices
Bill of supply
Delivery challans
Credit notes
Debit notes
Receipt vouchers
Refund vouchers
E-Way bills
Subodh Vora & Co., Chartered Accountants. All rights reserved

14. ..Accounts & Records (Other Points)
1. Accounts of additional place to be kept at respective places
2. Accounts maintainable even in electronic form as may be prescribed
3. Accounts to be audited by Chartered Accountant or Cost Accountant if TO exceeds prescribed limit
4. Accounts to be retained till 72 months from due date of filing of annual return i.e. effectively 6 year 9 months .
5. In case of pending appeal, revision, etc till 1 year after disposal of case
Subodh Vora & Co., Chartered Accountants. All rights reserved

15. ..Accounts & Records (Other Points)
6. Accounts to be maintained separately for trading, manufacturing and services
7. Monthly production accounts showing quantitative details of RM, services ,etc
8. Agents to maintain specific accounts such as authorization papers, accounts furnished to principal, etc
9. Works contractor- Separate account for each WC and as prescribed
10. Godown operator/ transporters- Stringent provisions
Subodh Vora & Co., Chartered Accountants. All rights reserved

16. 3. E-Way Bill
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17. PROCESS OF E-WAY BILL
Every supplier whose consignment value > 50,000
Before commencement of movement- part A of E-Way Bill
If goods sent through transporter, he has to file part B of E-Way bill
Unique E-Way Bill No. to be provided to supplier, transporter & recipient
Recipient to communicate acceptance or rejection within 72 hours
If no reply filed, deemed to be accepted]
Subodh Vora & Co., Chartered Accountants. All rights reserved

18. OTHER POINTS (E-WAY BILL)
Multiple consignment in one truck- Consolidated E-Way Bill
Cancellation of E- Way bill provided
Copy of E-Way bill along with invoice copy to be carried by transporter
Facility of linking E-Way bill to RFID also provided
Proper officers to be empowered to verify E-Way Bill for all inter state and intra state movement of goods. Inspection report also to be uploaded.
Subodh Vora & Co., Chartered Accountants. All rights reserved

19. Subodh Vora & Co., Chartered Accountants. All rights reserved
VALIDITY OF E-WAY BILL
Sr. No.
Distance
Validity period 1.
Less than 100 km
1 day 2.
100 km – 300 km
3 days 3.
300 km – 500 km
5 days 4.
500 km – 1000 km
10 days 5.
1000 km or more
15 days
Subodh Vora & Co., Chartered Accountants. All rights reserved

20. 4. Payments under GST
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21. “ELECTRONIC CASH LEDGER
Debit
Credit
Payment of liability
TDS liability
TCS liability
RCM liability
XXX
Cash Payment/ NEFT/ RTGS/ETC XXX
Subodh Vora & Co., Chartered Accountants. All rights reserved

22. AVAILMENT OF INPUT TAX CREDIT
ITC
CGST
IGST
SGST
AVAILMENT OF INPUT TAX CREDIT
Subodh Vora & Co., Chartered Accountants. All rights reserved

23. “ELECTRONIC CREDIT LEDGER
Debit
Credit
Payment of liability XXX
Refund of unutilized credit XXX
ITC claimed as per return XXX
Subodh Vora & Co., Chartered Accountants. All rights reserved

24. ELECTRONIC TAX LIABILITY LEDGER
Debit
Credit
Tax, Interest, Late fees payable as per return
Tax, interest, penalty as determined by proper officer in any proceedings
Tax and interest payable due to mismatch
Interest from time to time
XXX
Payment by Electronic Credit Ledger
Payment by Electronic Cash Ledger
Any relief given by Appellate Tribunal or court
Subodh Vora & Co., Chartered Accountants. All rights reserved

25. THANK YOU Partners Subodh Vora Kush Vora Bhakti Vora
M: | E:
Kush Vora
M: | E:
Bhakti Vora
M: | E:
D-723/ 724, Neelkanth Business Park, Vidyavihar (West),
Mumbai
| |