GST the main issue in these days for many business man, they are worried about many things and confused too, what will happened to old stock, how will they get the tax credit of old stock, e-way bill, Transitional issues, composition supply or mix supply, time of supply, receipt voucher, refund voucher,GSTR 1,2


Its payment process, e-tamlika, HSN code, self invoice, tax invoice, bill of supply, payment voucher, delivery challan, post supply discount, amendment of GST , Core or non Core process, scrap sale and many more issues.

First i will tell you what will happened to our old stock and do we get the tax credit of the stock….

YES we will get the tax credit of our old stock but the condition is the product should be purchased with in 12 months and have to sell it in 6 months from july 2017 otherwise we will not get the tax benefit.

E-Way bill

E-way bill is the bill for transit . we have to generate the bill every time we send the product if the bill amount is more than 50000 rs, but right now the government is not applying it and it has been postponed.

Time of Supply

There is limit for supply timing after generating the bill. This is will be change by distance to distance.

Receipt Voucher

Many times in business it happens that customers send the money before they get the product, for that situation the receiver has to generate the receipt voucher and has to pay the GST with the same rate of tax of product for which the amount has been received, but if the product is not confirmed then 18% tax will be calculated.
But the party which has payed the amount will only get tax claim when they will get the product (it can be one month or 10 month the customer will get the benefit only when the good will be delivered.

Refund voucher

Now the next question comes in our mind that if the amount of the advance payment has been returned than what will happen, so at this situation we have to fill refund voucher and claim the amount from government .


First is


In Tax invoice few things are compulsory which are as follows:-
1- Name, address and GST no. of the firm.
2- State code and state name where goods has to send.
3- Name address and GST no.( if available) of the customer.
4- Product name
5- Product comes in goods or services has to be specified.
10- INVOICE NO– financial year is compulsory to show in invoice with serial number.
11- Billing date
12- Signature


For return we have to send GSTR 1 with in 10 days of next month of sale. After that we have to cross check GSTR 2 between 11 to 14th of the next month that the product we had purchased had been shown in it or not. If all shown than you have to submit it, but if any thing is not shown there than we have to fill Form GSTR 2A in which we have to show the product which is missed, after that it will be shown in the GSTR 1A of the seller and if he will accept then there will be no issues but if he will not accept then the authorities will take care of that. After that on 16 to 18 we have to fill Form GSTR3 in which we have to submit the sale and purchase and generate the challan.


Now the payment is very easy we have to choices one- if out tax liabilities are less than 10000 than we can pay it by cash other wise now it is mandatory to pay the tax online by debit card, credit card, net banking and many more.


E-TAMLIKA is the type of notice now in GST. As we all know that many people do not receive the notice and claim the penalty to reimburse . For that it has been made, in this the notice will send to the registered mail and message send to the registered mobile number so that no one can say that they had not got the notice.


HSN CODE is the code for product


It has to be generated when inward supply has been received from unregistered person.

PAYMENT VOUCHER should be generate for payment


IT should be generated if the product is not transported for selling and it only transported to shift the product to one place to other place or go-down.


Post supply discount is applicable where the schemes completes after more then one mont after achieving the target , for that this is applicable.


There are two options for amendment one is core and other is non core.
Core is which we don’t have authority to change only goverment has power to change. like name and address of the firm.
Non core is where we have the power to change it.

Scrap sale

In every business some scrap is there to sell time to time but now in gst there is difference to sell scrap. we have to pay highest rate of tax which is applicable to that product.

These were some details which we all know, if you need to know more about it then you can go to

Hope you like this update, please like and share and comment your thoughts…

Sharing is caring! Share the post to your loved ones

2 thoughts on “GST: KNOW MORE IN DETAIL”

  1. Wow tons of awesome info.
    cuanto cuesta una caja de cialis en mexico cheap cialis kosten cialis in deutschland [url=]cialis without a doctor prescription[/url]
    how strong is 5mg cialis
    acheter du cialis en france sans ordonnance
    sta je bolje cialis ili levitra
    acquistare cialis generico con postepay
    cialis copay card
    pflanzliches cialis

  2. Awesome content. With thanks.
    verträgt sich cialis mit alkohol cheap cialis cialis 5mg 28 stück [url=]cialis 20mg[/url]
    si puГІ comprare cialis in farmacia
    nombre de cialis generico
    what is cialis vs viagra
    para que son las pastillas cialis
    what is the dosage of daily cialis
    cialis mersin

  3. Truly lots of awesome information!
    tabletki cialis najtaniej cialis 20mg cialis generico en merida mexico [url=]cialis 20mg[/url]
    perbedaan cialis dengan viagra
    trouver du cialis a paris
    viagra cialis c20
    how to buy generic cialis online
    does cialis work better next day
    cialis with penile injections

  4. Appreciate it, Ample forum posts.
    cialis tabletten nebenwirkungen generic cialis calcio antagonisti e cialis [url=]cialis 20mg[/url]
    cialis stripes erfahrungen
    cialis viagra trial pack
    efectos adversos del cialis
    can i take cialis to thailand
    cialis 20 mg com 2 comprimidos
    does cialis affect your kidneys

  5. Awesome posts. Regards!
    quando si deve prendere il cialis cialis generic cialis patente vencida [url=]cialis without a doctor prescription[/url]
    precio del cialis en costa rica
    cialis alcohol contraindicaciones
    order cialis phone
    is viagra the same as cialis
    el cialis es para mujer
    apotik online cialis

  6. You actually reported it fantastically.
    cialis super active plus cialis 20mg generic cialis professional (tadalafil) [url=]buy cialis online[/url]
    cialis forum täglich
    maximum safe cialis dose
    is cialis a diuretic
    cialis personality changes
    get prescription for cialis
    cialis generico barato en espaГ±a

  7. I think this is one of the most vital info for me. And i am glad reading your article. But wanna remark on few general things, The website style is great, the articles is really excellent : D. Good job, cheers

  8. Just want to say your article is as astounding. The clearness in your post is just spectacular and i could assume you’re an expert on this subject. Fine with your permission let me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please continue the enjoyable work.

Leave a Reply

Your email address will not be published.