Rule 47 of CGST Rules - Time limit for issuing tax invoice

Rule 47 of CGST Rules - Time limit for issuing tax invoice

(updated as on 15.11.2017)

The invoice referred to in rule 46, in the case of thetaxable supply of services, shall be issued within a period of thirty days from the date ofthe supply of service: Provided that where the supplier of services is an insurer or a banking company or afinancial institution, including a non-banking financial company, the period within whichthe invoice or any document in lieu thereof is to be issued shall be forty five days from thedate of the supply of service: Provided further that an insurer or a banking company or a financial institution,including a non-banking financial company, or a telecom operator, or any other class ofsupplier of services as may be notified by the Government on the recommendations of theCouncil, making taxable supplies of services between distinct persons as specified in section25, may issue the invoice before or at the time such supplier records the same in his books ofaccount or before the expiry of the quarter during which the supply was made.

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CHAPTER VI

TAX INVOICE, CREDIT AND DEBIT NOTES

Chapter VIof CGST Rules, 2017 consists of ten rules relating to TAX INVOICE, CREDIT AND DEBIT NOTESRULES under the GST regime. All this rules are available for your ready reference. Rule 46 :Tax invoice Rule 47 :Time limit for issuing tax invoice Rule 48 :Manner of issuing invoice Rule 49 : Bill of supply Rule 50 : Receipt voucher Rule 51 :Refund voucher Rule 52 :Payment voucher Rule 53 : Revised tax invoice and credit or debit notes Rule 54 :Tax invoice in special cases Rule 55 : Transportation of goods without issue of invoice

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