What is the time limit for issue of tax invoice in case of continuous supply of goods?

The invoice must be issued within 45 days from the date of supply of service. The Centre or a State Government may notify the supply of goods or services to be treated as continuous supply of goods or services.

Is it mandatory to issue tax invoice?

When you make a taxable sale of more than $82.50 (including GST), your GST-registered customers need a tax invoice to claim a credit for the GST in the purchase price. If a customer asks you for a tax invoice you must provide one within 28 days of their request.

What if tax invoice is not issued?

Where any such receipt voucher is issued, but subsequently no supply is made and no tax invoice is issued, the registered person who has received the advance payment can issue a refund voucher against such payment. (ii) The nature of supply is not determinable, the same shall be treated as inter-State supply.

What is time limit for issuing tax invoice?

In case of services, however, invoice has to be issued before or after provision of services. If the invoice is issued after provision of service, it has to be done within the specified period of 30 days from the date of supply of service, as per invoice rules.

What happens if a supplier does not upload an invoice?

Invoices not uploaded by the supplier The input claimed on the missing invoices by the recipient shall be filed by the seller within the next two tax periods from the input claimed by the recipient. If the same is not filed by the supplier, the input claimed by the recipient shall be reversed with interest and penalty.

Do I need to issue a tax invoice if not registered for GST?

If you’re not registered for GST, your invoices should not include the words ‘tax invoice’ – you must issue standard invoices. We have examples of how tax invoices can look, including what information needs to be included on them.

What to do if a tax invoice is incorrect?

Tax invoices that contain incorrect or incomplete information, where you can not work out the missing information from other documents issued by the supplier are not considered to be valid. You should ask your supplier to replace it with a complete and correct tax invoice.