The ICAI has published a revised ‘Handbook on Invoicing under GST’ (November 2022 Edition) to provide stakeholders with guidance on the GST provisions relating to invoicing, including recent amendments as of November 30, 2022.
Every transaction in the GST regime must be accompanied by at least one of the specified documents, such as an invoice, debit note, credit note, bill of supply, and so on. Furthermore, the concept of e-invoicing is gaining traction. E-invoicing was introduced in October 2020 for registered persons with a turnover of more than Rs. 500 crores, which has since been reduced to Rs. 10 crores to broaden the scope. Given the importance of the provisions relating to GST invoicing, the ICAI issued the “Handbook on GST Invoicing” (May 2020), which has since been revised/updated with the latest edition (November 2022).
This Handbook on Invoicing under GST by ICAI discusses a variety of aspects relating to invoicing, such as the type of documents specified under law in relation to invoicing, which document is to be issued and in which situation, prescribed contents of the documents, importance of documents to substantiate ITC claims, and importance of documents in case of movement of goods, etc., amongst other things.
This Handbook of ICAI analyses all of the provisions relating to invoicing under the GST law, including any notifications, circulars, or orders issued by the government or CBIC up until November 30, 2022. It also includes Frequently Asked Questions (FAQs) and Multiple Choice Questions (MCQs), Flowcharts, Diagrams, Illustrations, and other helpful materials that are presented in a straightforward manner for the purpose of guiding the interested stakeholders.
| Index of Contents of ICAI Handbook on Invoicing under GST |
| Part I |
| 1. Introduction to Invoicing under GST |
| 2. Tax Invoice |
| 3. Bill of Supply |
| 4. Invoice and Bill of Supply |
| 5. Revised Tax Invoice |
| 6. Amendment in Transaction – Debit Note and Credit Note |
| 7. Advance For Supply – Receipt Voucher |
| 8. Refund of Advance – Refund Voucher |
| 9. Delivery Challan in Special Situations |
| 10. Payment Voucher |
| Part II |
| 11. Introduction to GST E-Invoice |
| 12. E-Invoice Concept |
| 13. E-Invoice Process |
| 14. E-Invoice IRP and QR Code |
| 15. E-Invoice Implementation |
| 16. E-Invoice Legal Framework |
| 17. E-Invoice QR Code for B2C Invoice |
ICAI Handbook on ‘Invoicing under GST’ (November 2022)
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