GST

UNIT - 3
 Input Tax Credit

• Uninterrupted and seamless chain of input tax credit (hereinafter

referred to as, “ITC”) is one of the key features of Goods and Services
Tax. ITC is a mechanism to avoid cascading of taxes. Cascading of
taxes, in simple language, is ‘tax on tax’.

• One of the most important features of the GST system is that the
entire supply chain would be subject to GST to be levied by Central
and State Government concurrently. As the tax charged by the Central
or the State Governments would be part of the same tax regime,
credit of tax paid at every stage would be available as set-off for
payment of tax at every subsequent stage.
• The protocol to avail and utilise the credit of these taxes is as follows:

Credit of CGST cannot be used for payment of SGST/ UTGST and credit
of SGST / UTGST cannot be utilised for payment of CGST.
Some of the technical aspects of the scheme of Input Tax
Credit are as under:
a) Any registered person can avail credit of tax paid on the inward
supply of goods or services or both which is used or intended to be
used in the course or furtherance of business.
b) The pre-requisites for availing credit by registered person are:
a) He is in possession of tax invoice or any other specified tax paying
document.
b) He has received the goods or services. “Bill to ship” scenarios also
included.
c) Tax is actually paid by the supplier.
d) He has furnished the return.
e) If the inputs are received in lots, he will be eligible to avail the credit
only when the last lot of the inputs is received.
f) He should pay the supplier the value of the goods or services along
with the tax within 180 days from the date of issue of invoice, failing
which the amount of credit availed by the recipient would be added to
his output tax liability, with interest

No ITC September of the following FY to which invoice pertains or date

of filing obeyondf annual return, whichever is earlier
 Valuation in GST
• In GST tax is payable on ad-valorem basis i.e. percentage of value of
the supply of goods or services.

• Section 15 of the CGST Act and Rule 27 to Rule 35 of CGST Rules,

2017 contain provisions related to valuation of supply of goods or
services made in different circumstances and to different persons.
 Transaction Value
• Under GST law, taxable value is the transaction value i.e. price actually
paid or payable, provided the supplier & the recipient are not related
and price is the sole consideration.

• In most of the cases of regular normal trade, invoice value will be the
taxable value. However, to determine value of certain specific
transactions, Determination of Value of Supply rules have been
prescribed in CGST Rules, 2017.
• Compulsory Inclusions
Any taxes, fees, charges levied under any law other than GST law, expenses
incurred by the recipient on behalf of the supplier, incidental expenses like
commission & packing incurred by the supplier, interest or late fees or penalty
for delayed payment and direct subsidies (except government subsidies) are
required to be added to the price (if not already added) to arrive at the taxable
value.

• Exclusion of discounts
Discounts like trade discount, quantity discount etc. are part of the normal
trade and commerce, therefore pre-supply discounts i.e. discounts recorded in
the invoice have been allowed to be excluded while determining the taxable
value.
Discounts provided after the supply can also be excluded while determining the
taxable value provided two conditions are met, namely - (a) discount is
established in terms of a pre supply agreement between the supplier & the
recipient and such discount is linked to relevant invoices and (b) input tax credit
attribute able to the discounts is reversed by the recipient.
 Valuation Rules

1. Taxable value when consideration is not solely in money:

In some cases, where consideration for a supply is not solely in money,
taxable value has to be determined as – prescribed in the rules. In such
cases following values have to be taken sequentially to determine the
taxable value: -
i. Open Market Value of such supply.
ii. Total money value of the supply i.e. monetary consideration plus
money value of the non-monetary consideration.
iii. Value of supply of like kind and quality.
iv. Value of supply based on cost i.e. cost of supply plus 10% mark-up.
v. Value of supply determined by using reasonable means consistent
with principles & general provisions of GST law. (Best Judgement
method)

For Example:
• Where a new phone is supplied for Rs. 20000/- along with the exchange of an old
phone and if the price of the new phone without exchange is Rs.24000/-, the
open market value of the new phone is Rs 24000/-
• Where a laptop is supplied for Rs. 40000/- along with a barter of printer that is
manufactured by the recipient and the value of the printer known at the time of
supply is Rs. 4000/- but the open market value of the laptop is not known, the
value of the supply of laptop is Rs. 44000/-.
2. Value of supply between distinct and related persons (excluding Agents):
A person who is under influence of another person is called a related person like
members of the same family or subsidiaries of a group company etc.
In such cases following values have to be taken sequentially to determine the
taxable value: -
i. Open Market Value
ii. Value of supply of like kind and quality.
iii. Value of supply based on cost i.e. cost of supply plus 10% mark-up.
iv. Value of supply determined by using reasonable means consistent with
principles & general provisions of GST law. (Best Judgement method)
• However if the recipient is eligible for full input tax credit, the invoice
value will be deemed to be the open market value. It has also been
provided that where the goods being supplied are intended for
further supply as such by the recipient, the value shall, at the option
of the supplier, be an amount equivalent to 90% of the price charged
for the supply of goods of like kind and quality by the recipient to his
unrelated customer.
Value of supply of goods made or received through an
agent
a) Open market value of goods being supplied, or, at the option of the
supplier, 90% of the price charged for the supply of goods of like
kind and quality by the recipient to his unrelated customer.
Illustration: Where a principal supplies groundnut to his agent and the
agent is supplying groundnuts of like kind and quality in subsequent
supplies at a price of Rs. 5000/- per quintal on the day of supply.
Another independent supplier is supplying groundnuts of like kind and
quality to the said agent at the price of Rs. 4550/- per quintal. The
value of the supply made by the principal shall be Rs. 4550/- per
quintal or where he exercises the option the value shall be 90% of the
Rs. 5000/- i.e. is Rs. 4500/- per quintal.
In case value cannot be determined under (a) then following values
have to be taken sequentially to determine the taxable value: -

i. Value of supply based on cost i.e. cost of supply plus 10% mark-up.
ii. Value of supply determined by using reasonable means consistent
with principles & general provisions of GST law. (Best Judgement
method)
Value of supply of services in case of a Pure Agent

• Pure agent is one who while making a supply to the recipient, also
receives and incurs expenditure on some other supply on behalf of
the recipient and claims reimbursement (as actual, without adding it
to the value of his own supply) for such supplies from the recipient of
the main supply.
• Expenditure and costs incurred by the supplier as a pure agent of the
recipient of supply of service has to be excluded from the value of
supply.
• Illustration:
Corporate services firm A is engaged to handle the legal work
pertaining to the incorporation of Company B. Other than its service
fees, A also recovers from B, registration fee and approval fee for the
name of the company paid to Registrar of the Companies. The fees
charged by the Registrar of the companies registration and approval of
the name are compulsorily levied on B. A is merely acting as a pure
agent in the payment of those fees. Therefore, A’s recovery of such
expenses is a disbursement and not part of the value of supply made
by A to B.
 Input Service Distributor
• Input Service Distributor (ISD) means an office of the supplier of
goods or services or both which receives tax invoices towards receipt
of input services and issues a prescribed document for the purposes
of distributing the credit of central tax (CGST), State tax (SGST)/ Union
territory tax (UTGST) or integrated tax (IGST) paid on the said services
to a supplier of taxable goods or services.

• Pertaining to input services only and not goods.

• Companies may have their head office at one place and units at other
places which may be registered separately. The Head Office would be
procuring certain services which would be for common utilization of
all units across the country.

• The bills for such expenses would be raised on the Head Office. But
the Head Office itself would not be providing any output supply so as
to utilize the credit which gets accumulated on account of such input
services.

• ISD mechanism enables such proportionate distribution of credit of

input services amongst all the consuming units.
• An ISD will have to compulsorily take a separate registration as such
ISD and apply for the same in form GST REG-1.

• There is no threshold limit for registration for an ISD.

• The other locations may be registered separately.

• For the purposes of distributing the input tax credit, an ISD has to
issue an ISD invoice, as prescribed in rule 54(1) of the CGST Rules,
2017, clearly indicating in such invoice that it is issued only for
distribution of input tax credit.
 Legal formalities for ISD

• Tax paid on the services used in course of business by the units of the registered
person can only be distributed by ISD to them.

• ITC available in a month must be distributed in the same month. So, Deferment of
the credit distribution is not allowed. It must be ensured by ISD not to distribute
credit in excess of what is available with him.

• The credit of CGST, SGST/UTGST or IGST needs to be distributed separately. Also,

the eligible and ineligible credit needs to be apportioned separately.

• It is mandatory to register separately as ISD even though it has obtained the

registration as a normal taxpayer
 Legal formalities for ISD
• It is possible for different offices of a company to have separate registrations as
ISD. In other words, a company can have multiple registrations for its offices as
ISD.

• ISD is supposed to issue an invoice known as ISD invoice to those units to whom it
intends to distribute the credit of tax paid on services.

• It needs to issue ISD credit note if the credit that is already distributed gets
reduced for any reason.

• SD have to file GSTR-06 by the 13th of the month succeeding the relevant month
indicating the credit distributed for the relevant month to the recipient units and
the ISD invoices issued in the relevant month.
 ITC on Capital Goods

• Meaning of Capital Goods: According to section 2(19) of the CGST Act

Capital Goods means goods, the value of which is capitalised in the
books of account of the person claiming the input tax credit and
which are used or intended to be used in the course or furtherance of
business.
• To avail input tax credit for the Capital Goods the following
conditions, in addition to conditions as stated under section 16(2) of
the CGST Act, are to be fulfilled.
1. The Capital Goods has been capitalised in books of account of the person
and
2. The Capital Goods are used or intended to be used in the course or
furtherance of business.

• The conditions as stated under section 16(2) of the CGST Act are as
under:
1. The registered person is in possession of Tax Invoice;
2. The registered person has received Capital Goods;
3. The tax charged on such capital goods has been paid and
4. The GST Return has been filed in regard of such of Capital Goods by the
Supplier.
• The further condition as stated in section 16(3) is that where the
registered person has claimed depreciation on the tax component of
the cost of capital goods and plant and machinery under the
provisions of the Income-tax Act, 1961 (43 of 1961), the input tax
credit on the said tax component shall not be allowed.

• Blocked Input Tax Credit – Input Tax Credit is blocked on Motor

Vehicles, Vessels and Aircrafts subject to exceptions as per section
17(5) of the CGST Act.

• Total amount of Input Tax Credit is allowed on purchase of capital

goods. It is not like with provisions of VAT, Service Tax etc. where
input Tax Credit was allowed in instalments year wise.
Treatment of Availed Input Tax Credit on Sale of Capital Goods:
In case of supply(Sale) of used Capital Goods on which input tax credit
has been availed, we should consider provisions of section 18(6) of the
CGST Act read with rule 44(6). The higher amount of tax shall be paid
out of tax charged on transaction value on new supply or pro rata
input tax credit pertaining to unused period. The following example
would help for more clarification in regard of this matter.
• For example capital goods purchased worth Rs. 100000/= in the month of
July 2017 and input tax credit @ 18% i.e. Rs.18000/= paid and availed in
the month of July 2017. This capital goods has been sold out in the month
of August 2019. The person has used this capital goods from July 2017 to
August 2019 i.e. for 26 months.
Useful Life of the Capital Goods is 5 years according to Rule 44(1)(b) i.e. 60 months
Remaining unused life of the Capital Goods is 34 months ( 60-26 ).
The Capital Goods has been sold for Rs. 60000/- and tax charged Rs.10800/-.
Total Input Tax Availed = Rs.18000/=
Useful Life of the Capital Goods = 60 months
Period of Capital Goods Used = 26 months
Unused period of Capital Goods = 34 months

Tax on Pro rata basis for unused period i.e.34 months = Rs.10200/- ( Total Input Tax Availed
(18000)/ Useful Life of the Capital Goods(60) * Unused period of Capital Goods (34) )

Since the tax Rs.10800/= charged on transaction value of the Capital Goods is more than
the tax Rs.10200/= calculated for unused period of the Capital Goods, therefore the higher
amount of tax Rs.10800/= shall be paid.
Input Tax Credit not allowed on Capital Goods
The Input Tax Credit is not allowed on Capital Goods on following
circumstances:

1. If the Capital Goods are not capitalised in the books of account.

2. If the Capital Goods are purchased for non business purpose.

3. If the Capital Goods are purchased to be used exclusively for exempt

supply.
• Circumstances when availed Input Tax Credit against Capital Goods
shall be paid:

The Registered Person shall have to pay input tax credit against availed
input tax against purchase of Capital Goods in following cases:
1. When the Registered Person shifts from regular registration to
Composition Scheme and
2. When the Registered Person gets his registration cancelled.

This will be on pro-rata basis.

Reversal of Input Tax Credit as required under Rule 43(1) of the CGST
Act (use of capital goods on exempt supply):
When the capital goods being partly used for taxable supply and partly
used for exempted supply in that case input tax credit on such capital
goods shall be reversed as much as it ( common input tax credit )
attributable to the exempted supply.

Calculation of Te = ( E/F ) * Tr

Te = Tax on exempt supply

Tr = Total ITC on Capital Goods
E = Exempt supply
F = Total Supply
 E-WAY Bill

• E-Way Bill is an electronic way bill for movement of goods which can be
generated on the e-way Bill Portal.

• Transport of goods of more than Rs. 50,000 (Single Invoice/ bill/delivery challan)
in value in a vehicle cannot be made by a registered person without an e-way bill.

• When an eway bill is generated a unique eway bill number (EBN) is allocated and
is available to the supplier, recipient, and the transporter.
 Procedure for Issue of E-Way Bill
• Every registered person who causes movement of goods of consignment value exceeding fifty
thousand rupees-
i. In relation to supply; or
ii. For reasons other than supply: or
iii. Due to inward supply from an unregistered person

Shall before commencement of movement, furnish information relating to the said goods in part A
of FORM GST INS-01, electronically on the common portal; &

(a) Where the goods are transported by the registered person as a consignor or the recipient of
supply as the consignee, whether in his own conveyance or a hired one, the said person or the
recipient may generate the e-way bill in FORM GST INS-01 electronically on the common portal
after furnishing information in PART B of FORM GST INS-01;or
• (b) Where the e-way bill is not generated under clause (a) and the goods are handed over to a
transporter, transporter shall get part B of FORM GST INS-01 filled on the common portal and the
e-way bill shall be generated by the transporter on the said portal on the basis of the information
furnished by the registered person in part A of FORM GST INS-01

• As per notification dated 7th March, 2018, For certain specified goods, the e-way bill needs
to be generated mandatorily even if the value of the consignment of goods is less than Rs
50,000:
• Interstate movement of goods by the Principal to the Job-worker or registered Job-worker to
other Job-worker.
• Interstate transport of handicraft goods
• Upon generation of e-way bill on the common portal, a unique e-way bill number (EBN)
shall be made available to the supplier, the recipient and the transporter on the common
portal.

• Where multiple consignments are intended to be transported in one conveyance, the

transporter shall indicate the serial number of e-way bills generated in respect of each such
consignment electronically on the common portal and a consolidated e-way bill in FORM
GST INS-02 shall be generated by him on the common portal prior to the movement of
goods.

• In case it is decided that goods will not be supplied after generation of e-way bill, such bill
may be cancelled through common portal with in 24 hours of generation of e-way bill.
Important points for Transporter

• Where the e-way bill is not generated under clause (a) and the goods are handed
over to a transporter, transporter shall get part B of FORM GST INS-01 filled on
the common portal and the e-way bill shall be generated by the transporter on the
said portal on the basis of the information furnished by the registered person in
part A of FORM GST INS-01

• In case of multiple consignments are intended to be transported in one

conveyance, the transporter shall generate consolidated e-way bill in FORM GST
INS-02.
• Transporter should be careful about the validity time period of e-way bill or consolidated e-
way, on the basis of distance of transport, as mentioned in below table:

This time period can be extended with the permission of commissioner

• Where a vehicle has been intercepted and detained for a period exceeding thirty minutes, the
transporter may upload the said information in FORM GST INS-04 on the common portal.
Important Documents in GST
Tax Invoice in GST
 Tax Invoice in GST
• Generally speaking, an invoice is a commercial instrument issued by a
seller to a buyer. It identifies both the trading parties and lists,
describes, and quantifies the items sold, shows the date of shipment
and mode of transport, prices and discounts, if any, and delivery and
payment terms.

• Under the GST regime, an “invoice” or “tax invoice” means the tax
invoice referred to in section 31 of the CGST Act, 2017. This section
mandates issuance of invoice or a bill of supply for every supply of
goods or services.
• An invoice or a bill of supply need not be issued if the value of the supply is
less than Rs. 200/- subject to specified conditions.

• Under GST a tax invoice is an important document. It not only evidences

supply of goods or services, but is also an essential document for the
recipient to avail Input Tax Credit (ITC).

• GST is chargeable at the time of supply. Invoice is an important indicator of

the time of supply. Broadly speaking, the time of supply of goods or
services is the date of issuance of invoice or receipt of payment whichever
is earlier.

• In nutshell, the tax invoice is the primary document evidencing the supply
and vital for availing input tax credit.

• The type of invoice to be issued depends upon the category of registered

person making the supply. For example, if a registered person is making or
receiving supplies (from unregistered persons), then a tax invoice needs to
be issued by such registered person.
 Contents of Invoice

• There is no format prescribed for an invoice, however, Invoice rules

makes it mandatory for an invoice to have following fields (only
applicable field are to be filled):
a) name, address and GSTIN of the supplier;
b) a consecutive serial number containing alphabets or numerals or
special characters, hyphen or dash and slash symbolised as “-” and “/”
respectively, and any combination thereof, unique for a financial year;
c) date of its issue;
d) name, address and GSTIN, if registered, of the recipient;
e) name and address of the recipient and the address of delivery, along
with the name of State and its code, if such recipient is un-registered
and where the value of taxable supply is fifty thousand rupees or more;
f) HSN code of goods or Accounting Code of services (SAC);
g) description of goods or services;
h) quantity in case of goods;
i) total value of supply of goods or services or both;
j) taxable value of supply of goods or services or both taking into
account discount or abatement, if any;
k) rate of tax (central tax, State tax, integrated tax, Union territory tax
or cess);
l) amount of tax charged in respect of taxable goods or services (central
tax, State tax, integrated tax, Union territory tax or cess);
m) place of supply along with the name of State, in case of a supply in
the course of inter-State trade or commerce;
n) address of delivery where the same is different from the place of
supply;
o) whether the tax is payable on reverse charge basis; and
p) signature or digital signature of the supplier or his authorized
representative
 Invoice in case of continuous supply of goods

• In case of continuous supply of goods, where successive statements

of accounts or successive payments are involved, the invoice shall be
issued before or at the time each such statement is issued or, as the
case may be, each such payment is received.
 Invoice in case of continuous supply of services

• In case of continuous supply of services, where,

a) the due date of payment is ascertainable from the contract; the
invoice shall be issued on or before the due date of payment;
b) the due date of payment is not ascertainable from the contract; the
invoice shall be issued before or at the time when the supplier of
service receives the payment;
c) the payment is linked to the completion of an event; the invoice shall
be issued on or before the date of completion of that event.
Issue of invoice in case, where supply of service ceases under a
contract before completion of supply

• In a case where the supply of services ceases under a contract before

the completion of the supply, the invoice shall be issued at the time
when the supply ceases and such invoice shall be issued to the extent
of the supply made before such cessation.
 Sale on Approval basis

• Where the goods being sent or taken on approval for sale or return
are removed before the supply takes place, the invoice shall be issued
before or at the time of supply or six months from the date of
removal, whichever is earlier.
Manner of Issuing Invoice
• The invoice shall be prepared in triplicate, in case of supply of goods, in the
following manner:–
a) the original copy being marked as ORIGINAL FOR RECIPIENT;
b) the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
c) the triplicate copy being marked as TRIPLICATE FOR SUPPLIER.

• The invoice shall be prepared in duplicate, in case of supply of services, in

the following manner: -
a) the original copy being marked as ORIGINAL FOR RECIPIENT; and
b) the duplicate copy being marked as 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.
 Bill of Supply

• If a registered person is dealing only in exempted supplies or is

availing of composition scheme (composition dealer), then such a
registered person needs to issue a bill of supply in lieu of invoice.
 Contents of Bill of Supply

• A bill of supply shall be issued by the supplier containing the following details:-
a) name, address and GSTIN of the supplier;
b) a consecutive serial number,
c) date of its issue
d) name, address and GSTIN of recipient
e) HSN Code of goods or Accounting Code for services;
f) description of goods or services or both;
g) value of supply of goods or services or both taking into account discount or
abatement, if any; and
h) signature or digital signature of the supplier or his authorized representative
Case of Services
• A registered person supplying taxable services shall, before or after
the provision of service but within a prescribed period, issue a tax
invoice, showing the description, value, tax charged thereon and such
other particulars as has been prescribed in the Invoice Rules.
• The Government may, on the recommendations of the Council, by
notification and subject to such conditions as may be mentioned
therein, specify the categories of services in respect of which––
a) any other document issued in relation to the supply shall be deemed
to be a tax invoice; or
b) tax invoice may not be issued.

Invoice can be issued before or with in 30 days of provision of services.

 Revised Invoice

• A registered person may, within one month from the date of issuance
of certificate of registration and in such manner as has been
prescribed in the Invoice Rules, issue a revised invoice against the
invoice already issued during the period beginning with the effective
date of registration till the date of issuance of certificate of
registration to him.
• This provision is necessary as a person who becomes liable for
registration has to apply for registration within 30 days of becoming
liable for registration.

• There would be a time lag between the date of grant of certificate of

registration and the effective date of registration. For supplies made
by such person during this intervening period, the law enables
issuance of a revised invoice, so that ITC can be availed by the
recipient on such supplies.
 Receipt Voucher/ Refund voucher on
receipt of advance payment
• Whenever a registered person receives an advance payment with
respect to any supply of goods or services or both, he has to issue a
receipt voucher or any other document, containing such particulars as
has been prescribed in the Invoice Rules, evidencing receipt of such
payment.

• Where any such receipt voucher is issued, but subsequently no supply

is made and no tax invoice issued, the registered person who has
received the advance payment can issue a refund voucher against
such payment.
• It has also been provided in the Invoice Rules that if at the time of
receipt of advance,
i. the rate of tax is not determinable; the tax may be paid @18%;
ii. the nature of supply is not determinable, the same shall be treated
as inter-State supply.
 Payment Voucher

• It is not necessary that only a person supplying goods or services

need to issue invoice. The GST law mandates that any registered
person buying goods or services from an unregistered person needs
to issue a payment voucher as well as a tax invoice.

• A registered person liable to pay tax under reverse charge, has to

issue an invoice in respect of goods or service or both received by
him. Such a registered person in respect of such supplies also has to
issue a payment voucher at the time of making payment to the
supplier.
 Credit and Debit Notes

• In cases where tax invoice has been issued for a supply and subsequently it
is found that the value or tax charged in that invoice is more than what is
actually payable/chargeable or where the recipient has returned the goods,
the supplier can issue a credit note to the recipient.

• A registered person who issues such a credit note has to declare details of
such credit note in the return for the month during which such credit note
has been issued but not later than September following the end of the
financial year in which such supply was made or date of furnishing of the
relevant annual return whichever is earlier.
• In cases where tax invoice has been issued for a supply and
subsequently it is found that the value or tax charged in that invoice is
less than what is actually payable/chargeable, the supplier can issue a
debit note to the recipient.

• Details shall declare the details of such debit note in the return.

• A revised invoice, credit or debit note has to contain the following

particulars -
a) name, address and GSTIN of the supplier;
b) nature of the document;
c) a consecutive serial number
d) date of issue of the document;
d) a consecutive serial number
e) date of issue of the document;
e) name, address and GSTIN or UIN, if registered, of the recipient;
f) name and address of the recipient and the address of delivery, along
with the name of State and its code, if such recipient is un-registered;
g) serial number and date of the corresponding tax invoice or, as the
case may be, bill of supply;
h) value of taxable supply of goods or services, rate of tax and the
amount of the tax credited or, as the case may be, debited to the
recipient; and
i) signature or digital signature of the supplier or his authorized
representative.
 Tax Invoice in special cases

• Where the supplier of taxable service is an insurer or a banking

company or a financial institution, including a non-banking financial
company, the said supplier shall issue a tax invoice or any other
document in lieu thereof, by whatever name called, whether or not
serially numbered, and whether or not containing the address of the
recipient of taxable service but containing other information as
prescribed under rule 1 of Invoice Rules.
• Where the supplier of taxable service is a goods transport agency
supplying services in relation to transportation of goods by road in a
goods carriage, the said supplier shall issue a tax invoice or any other
document in lieu thereof, by whatever name called, containing the
gross weight of the consignment, name of the consignor and the
consignee, registration number of goods carriage in which the goods
are transported, details of goods transported, details of place of
origin and destination, GSTIN of the person liable for paying tax
whether as consignor, consignee or goods transport agency, and also
containing other information as prescribed under rule 1 of Invoice
Rules.
• Where the supplier of taxable service is supplying passenger
transportation service, a tax invoice shall include ticket in any form,
by whatever name called, whether or not serially numbered, and
whether or not containing the address of the recipient of service but
containing other information as prescribed under rule 1 of Invoice
Rules.