GST FAI 3-2015 NO ISSUES RMC DECISION MEMBERS COMMENTS 2 Issuance of The existing stock of invoices which were Tax invoice at before 1 April 2015 and which were not the beginning GST compliant can be used by a supplier who is a of GST registered person until 30th September 2015 or implementation while stock last whichever is the earlier subject to the following conditions – (a)Whether the invoices and copies of such invoices must existing stock of be stamped with the word (for full ‘tax invoice’ invoices can be and tax invoice), ‘GST registration number’ stamped with the of ‘rate tax’; word ‘tax invoice’ the invoices and copies of such invoices must and used by a contain all particulars prescribed in the registered person regulation 22 of GSTR (GST Regulations until the stock 2014); last? the copies of such invoices must be kept and preserved for a period of seven years; and beginning 1st October 2015, the registered person must use a excluding ‘retailers’ computer generated invoice or pre-printed invoice which is GST compliant.
GST FAI 3-2015 NO ISSUES RMC DECISION MEMBERS COMMENTS 2 Issuance of Tax invoice at the beginning of GST implementation (a)Whether existing stock of invoices can be stamped with the word ‘tax invoice’ and used by a registered person until the stock last? The existing stock of invoices which were before 1 April 2015 and which were not GST compliant can be used by a supplier who is a registered person until 30th September 2015 or while stock last whichever is the earlier subject to the following conditions – the invoices and copies of such invoices must be stamped with the word ‘tax invoice’ (for full tax invoice), ‘GST registration number’ and ‘rate of tax’; the invoices and copies of such invoices must contain all particulars prescribed in the regulation 22 of GSTR (GST Regulations 2014); the copies of such invoices must be kept and preserved for a period of seven years; and beginning 1st October 2015, the registered person excluding ‘retailers’ must use a computer generated invoice or pre-printed invoice which is GST compliant.
03215_Template%20for%20Members%20Comments%20on%20DGs%20Decisions%203-2015.docx