GST Documents

Must-Know GST Documents for Every Business Owner or finance professional

Whether you are a entrepreneur or finance professional, understanding GST documents is crucial. Correct documentation not only ensures smooth business operations but also helps in avoiding penalties and staying compliant. Types of Documents under GST 1. Tax Invoice – Issued by registered persons for all taxable supplies (including zero-rated). (Sec 31 r/w Rule 46, 54) 2. Bill of Supply – Issued instead of a tax invoice for exempted/composition supplies. (Rule 49) 3. Invoice-cum-Bill of Supply – When both taxable and exempted supplies are made in a single transaction. (Rule 46A) 4. Receipt Voucher – On receiving advance payment for supply of goods/services. (Rule 50) 5. Refund Voucher – When no supply is made after advance is received. (Rule 51) 6. Payment Voucher – When making payments under Reverse Charge Mechanism. (Rule 52) 7. Debit Note – When taxable value/tax charged is less than actual value/tax. (Rule 53) 8. Credit Note – When taxable value/tax charged is more than required, or goods are returned. (Rule 53) 9.Self-Invoice – Prepared by recipient for inward supplies from an unregistered person under reverse charge. (Section 31(3)(f), Rule 46) 10.Delivery Challan – For transport of goods where invoice/bill of supply is not issued. (Rule 55)