Receipt voucher
Rule 50 of the Central Goods and Services Tax Rules, 2017 deals with receipt voucher. A receipt voucher referred to in clause (d) of sub-section (3) of section 31 shall contain the following particulars, namely,- (a) name, address and Goods and Services Tax Identification Number of the supplier; The Act came into force on 22 Jun 2017.
A receipt voucher referred to in clause (d) of sub-section (3) of section 31 shall contain the following particulars, namely,- (a) name, address and Goods and Services Tax Identification Number of the supplier;
(b) a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters-hyphen or dash and slash symbolised as "-'' and "/" respectively, and any combination thereof, unique for a financial year;
(c) date of its issue;
(d) name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;
(e) description of goods or services;
(f) amount of advance taken;
(g) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess );
(h) amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess ); ( i ) place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce;
(j) whether the tax is payable on reverse charge basis; and (k) signature or digital signature of the supplier or his authorised representative:
Provided that where at the time of receipt of advance,- ( i ) the rate of tax is not determinable, the tax shall be paid at the rate of eighteen per cent.;
(ii) the nature of supply is not determinable, the same shall be treated as inter State supply.
Rule 50, The Central Goods and Services Tax Rules, 2017 (Act G.S.R. 610(E) of 2017).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 8
- r. 37 Reversal of input tax credit in the case of non-payment of consideration
- r. 37A Reversal of input tax credit in the case of non-payment of tax by the supplier and re-availment thereof
- r. 42 Manner of determination of input tax credit in respect of inputs or input services and reversal thereof
- r. 43 Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases
- r. 85 Electronic Liability Register
- r. 88B Manner of calculating interest on delayed payment of tax
- r. 96A 2 [Export] of goods or services under bond or Letter of Undertaking
- r. 96B Recovery of refund of unutilised input tax credit or integrated tax paid on export of goods where export
Questions about Rule 50
What does Rule 50 of the Central Goods and Services Tax Rules deal with?
Rule 50 of the Central Goods and Services Tax Rules is headed "Receipt voucher". A receipt voucher referred to in clause (d) of sub-section (3) of section 31 shall contain the following particulars, namely,- (a) name, address and Goods and Services Tax Identification Number of the supplier;
How do I find court cases under Rule 50 of the Central Goods and Services Tax Rules?
In judgments and charge sheets this rule is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: CGST Rules 2017 50, rule 50 CGST Rules 2017, rule 50 of the Central Goods and Services Tax Rules. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Rule 50 of the Central Goods and Services Tax Rules, and has it changed?
Its own text turns on rule 31 (Residual method for determination of value of supply of goods or services or both), so none of them can safely be read on its own. 8 other provisions in this corpus refer back to it.
When did Rule 50 of the Central Goods and Services Tax Rules come into force?
Rule 50 of the Central Goods and Services Tax Rules, cited as CGST Rules 2017 50, came into force on 22 Jun 2017, having been enacted on 19 Jun 2017. It is in force as at the date shown on this page.
Other rules of this Act
- 89. Application for refund of tax, interest, penalty, fees or any other amount3731 words
- 43. Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases3015 words
- 138. Information to be furnished prior to commencement of movement of goods and generation of e-way bill2970 words
- 42. Manner of determination of input tax credit in respect of inputs or input services and reversal thereof2706 words
- 164. Procedure and conditions for closure of proceedings under section 128A in respect of demands issued under section2150 words
- 8. Application for registration2144 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Parsed from the consolidated PDF published by CBIC at taxinformation.cbic.gov.in. The provision list against which this parse was checked comes from the same portal, so a rule the document omits is still recorded. This page is not a substitute for legal advice.