LIST OF DOCUMENTS TO BE MAINTAINED FOR GST

 LIST OF DOCUMENTS TO BE MAINTAINED FOR GST

Invoice for Outward Supply

Invoice for Inward Supply from URD (Un-Registered Person)

Revised Invoice

DEBIT Notes

CREDIT Notes

RECEIPT Voucher

PAYMENT Voucher

REFUND Voucher

Delivery Challan for JOB WORK

Delivery Challan for Supply on Approval Basis

GST Liability

Compulsory Registration in Certain Cases

The following categories of persons shall be required to be registered under the GST, irrespective of the turnover threshold, as mentioned in the previous paragraphs:

1. Persons making any inter-State taxable supply;
2. Casual Taxable persons making taxable supply;
3. Persons who are required to pay tax under reverse charge;
4. Specific categories of services, as notified by the government, the tax on intra-State supplies of which shall be paid by the electronic commerce operator if such services are supplied through it
5. Non-Resident taxable persons making taxable supply;
6. Persons who are required to deduct tax, whether or not separately registered;
7. Persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise;
8. Input Service Distributor, whether or not separately registered;
9. Persons who supply goods or services or both, other than supplies specified under sub-section (5) of section 9, through such Electronic Commerce Operator who is required to collect tax at source;
10. Every Electronic Commerce Operator;
11. Every person supplying online information and data base access or retrieval services from a place outside India to a person in India, other than a registered person; and
12. Such other person or class of persons as may be notified by the Government on the recommendations of the Council.

GST Liability

 GST Liability-Basics

Every supplier, who makes taxable supply of goods or services or both, in a State or Union territory, shall be liable to be registered, if his aggregate turnover in a financial year exceeds Twenty Lakh Rupees.

This limit has been increased to Rs. 40 Lakhs, only for those suppliers, who is exclusively engaged in the supply of goods, subject to certain conditions.

In the case of Special Category States, the above said aggregate turnover limit will be Twenty Lakhs Rupees.

In other words, where such person makes taxable supplies of goods or services or both from any of the Special Category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds Ten Lakh Rupees.

Meaning of Aggregate Turnover

ü      For the purposes of registration,  the expression “aggregate turnover” shall include all supplies         made by the taxable person, whether on his own account or made on behalf of all his principals;

ü      Supply of goods, after completion of job-work, by a registered job worker shall be treated as the supply of goods by the principal and the value of such goods shall not be included in the aggregate turnover of the registered job worker;

List of Special Category States

Special Category States are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Uttarakhand and States of Jammu & Kashmir.