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. Reliable write ups. Many thanks.
    prescription drug assistance online pharmacies of canada online pharmacy no prescription [url=]canadian cialis[/url]
    canadian drug
    pharmacy prices compare
    best canadian online pharmacy
    prescription cost
    best online pharmacy
    trust pharmacy canada

  2. Awesome knowledge. Appreciate it!
    rx price comparison canada pharmacy online buying prescription drugs canada [url=]canadian drugs[/url]
    the canadian pharmacy
    price prescription drugs
    online canadian discount pharmacy
    drug price
    buy prescription drugs without doctor
    drugs without prescription

  3. Incredible tons of useful material!
    canada drugs online pharmacy canadian online pharmacies drugs from canada [url=]canadian pharmacies that ship to us[/url]
    walmart pharmacy price check
    canadian pharmacies
    mexican pharmacies shipping to usa
    prescription drugs without prior prescription
    canadian pharmacy uk delivery
    canada drugs pharmacy

  4. Fine facts. Cheers!
    canada pharmacies without script canadian online pharmacies canadian prescriptions [url=]canada pharmaceuticals online[/url]
    online pharmacy no prescription needed
    online canadian pharmacy
    drugstore online
    ed meds online
    online pharmacy usa
    canadian drugstore online

  5. Thank you! Excellent information.
    online drugstore trust pharmacy canada rx price comparison [url=]canadian viagra[/url]
    buy online prescription drugs
    buying prescription drugs canada
    canadian pharmacies online prescriptions
    compare rx prices
    online drugstore
    drugs for sale

  6. Terrific advice. Thank you!
    overseas pharmacy forum canadian pharmacies without an rx pain meds online without doctor prescription [url=]canadian drugs[/url]
    mexican pharmacies online
    canada pharmacy online no script
    canadian pharmacy online
    canadian pharmacy without prescription
    prescription drugs without doctor approval
    prescription drug

  7. You explained this terrifically.
    get prescription online canada pharmacy online discount pharmacy [url=]aarp approved canadian online pharmacies[/url]
    drugs from canada
    cialis canadian pharmacy
    best non prescription online pharmacies
    meds online
    cialis online
    no 1 canadian pharcharmy online

  8. You actually mentioned this effectively!
    northwest pharmacy canada canadian pharmacies online drug prices comparison [url=]canadian pharmacies-24h[/url]
    best online international pharmacies
    canadian prescriptions
    canadian pharmacy
    online pharmacies no prescription
    cheap prescription drugs
    canadian drugstore reviews

  9. Seriously loads of great data.
    canada pharmacy online no script canada online pharmacies highest rated canadian pharmacies [url=]canadian drugs[/url]
    online pharmacies canada
    buy prescription drugs without doctor
    canadapharmacy com
    canada drugs pharmacy
    top rated online canadian pharmacies
    prescription drugs online without doctor

  10. Wow lots of good info.
    prescription prices comparison canada pharmacy online canadian drugs without prescription [url=]canadian online pharmacy[/url]
    northwest pharmacy canada
    prescription without a doctor’s prescription
    pharmacy online store
    canadian pharmacy meds
    canadian pharmacies online
    canada pharmacies online

  11. Many thanks. I like it!
    canadian discount pharmacy northwestpharmacy pharmacy online [url=]canada online pharmacies[/url]
    pharmacy prices compare
    online pharmacies no prescription
    northwest pharmacy canada
    most reliable canadian pharmacies
    safeway pharmacy

  12. You actually reported it exceptionally well!
    online pharmacies no prescription canadian cialis canadian drugstore [url=]north west pharmacy canada[/url]
    compare prescription prices
    top rated canadian pharmacies online
    canada drug prices
    canada pharmacy
    mexican pharmacies shipping to usa
    canadian pharmacies that are legit

  13. 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

  14. 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.