If we make cash sales, should we issue a tax invoice for GST Yes, If you sell goods or services for cash or you do cash sales, you must issue a tax invoice for GST, as required by the law. A tax invoice is a document that contains the details of the goods or services… Read More »
Is the requirement of an original invoice under GST mandatory Under GST, an original invoice is required for claiming input tax credit (ITC). However, a digital invoice, such as an electronic invoice (e-invoice) or an electronic bill of supply (EBS), is considered as an original invoice if it satisfies the prescribed requirements. To visit: https://www.gst.gov.in/… Read More »
Can a non-GST registered company issue a tax invoice No, a company that is not registered under Goods and Services Tax (GST) cannot issue a tax invoice. A tax invoice can only be issued by a GST-registered individual or business entity. If a non-GST registered company provides services or sells goods, they can issue a… Read More »
Taxability Of Invoices In India In India, invoices are not taxed directly. Instead, taxes such as GST (Goods and Services Tax) or VAT (Value Added Tax) are levied on the value of goods or services mentioned in the invoice. The tax amount is calculated based on the applicable tax rate and added to the invoice… Read More »