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Pro Forma invoice under GST is a type of invoice that is given to a prospective customer when they enquire about any product or/and service. In simple words, it is a kind of quotation form that describes the products or/and services, their approximate price, expected time of delivery, terms, and condition of sale and payment. Read more here - https://bit.ly/3xUeQvU

As per Section 35 of the CGST Act, 2017, any person who is registered under GST needs to maintain records and accounts at his principal place of business. Moreover, it is prescribed that any entry made in records of accounts shall not be overwritten or erased. Now, the question arises what records and accounts need to be maintained under GST by a taxpayer? So, in this blog, we have covered all the aspects related to records and accounts maintenance under GST. Read more here: https://bit.ly/3AHvnGi

With the dawn of 01st July, 2017, India witnessed one of the biggest changes in its indirect taxation structure after independence i.e. Goods & services tax. GST is a destination-based tax which implies that goods & services will be taxed at the place of consumption. Therefore under GST, the state where the goods & services are supplied or finally consumed will have to right to collect GST.

But one of the contentious issue still remains, that how should we identify the place of supply under GST correctly?

Broadly under GST there are two (2) places of supplies under GST and accordingly CGST, SGST or IGST are being levied.