Work Contract Invoice Format Under Gst

This is a sample for gst invoice.

Work contract invoice format under gst.

But thankfully in gst regime this debate or confusion on taxability of work contract has been removed and now been declared as a supply of service as mentioned in schedule ii to the cgst act 2017. As for as concern relating to invoice format of gst in india is similar for both normal dealers as well as wct dealer. How many types of invoice in gst there will be 2 types of invoices in gsttax invoiceit is to be used for all types of taxable salesbill of supplyit is to be used for exempt sales sales bycomposition dealernote for both goods and services it will be same series bill book also for both local and. To know more about the job work process under gst click the link below.

Thus there is a clear demarcation of a works contract as a supply of service under gst. Job worker s details customer details job work details taxation details remarks billing summary and term conditions section. Let i ll clear it as per gst department no specified guidelines or specific format issued in relation to issuance of invoice b. This template contains 5 different sections.

A passthrough between seller and gst system in a standard format for which e schema has been notified in return of which seller gets an invoice reference number irn a digitally signed invoice by irp. Say you have to provide 50 units of an item at rs. Job workers detail consists of the company name address and logo. Position under gst under gst laws the definition of works contract has been restricted to any work undertaken for an immovable property unlike the existing vat and service tax provisions where works contracts for movable properties were also considered.

In market different type of formats are also there you can opt any but the information required regarding cgst sgst sac will be same in all the invoices. The works contracts has been defined in section 2 119 of the cgst act 2017 as. Input tax credit for work contract under gst. A works contract has elements of both provision of services and sale of goods and was therefore taxable under both laws.

To make your work easy and use this invoice as a template for future invoices you can use formulas. Work contract in pre gst era. 10 000 each use product function to calculate total price of 50 units as rs. The gst amount if any payable this can be shown separately or if the gst amount is exactly one eleventh of the total price such as a statement which says total price includes gst the extent to which each sale on the invoice is a taxable sale that is the extent to which each sale includes gst.

5 00 000 in the total column. For instance use the product formula if you have multiple skus and their prices. Tax invoices for sales of 1 000.