Chartered Accountants
In the 54th GST Council Meeting on 9th September 2024 the Finance Minister acknowledged the enhancements to the existing GST return architecture. As stated in the advisory issued on 3rd September, the recipient taxpayers, for the purpose of availing Input Tax Credit (ITC), will be provided options to either accept, reject, or keep the invoice pending.…
Essential documents that should accompany the movement of Jewellery during the model code of conduct: Sl.No. Document Description 1 Original tax invoice / Delivery Challan Sale: Tax invoiceFor any movement other than sale: Rule 55 Delivery Challan 2 E Waybill Jewellery: It is still not mandatory in the state of Telangana. But, as the field…
sales teams frequently visit various shops for marketing purposes. However, predicting which retailer might be interested in purchasing jewelry remains uncertain. To address this, a GST delivery challan is used as per Rule 55. Instead of specifying the recipient’s address directly, the recommended approach is to mention the following details on the delivery challan:
Name of the authorized representative: This should be the person carrying the jewelry for marketing purposes.
Address of the authorized representative: Include the representative’s address.
Authorization letter: Attach an authorization letter to validate the representative’s role.
Purpose: Clearly state that the movement is for Line Sales Within the State (Telangana), specifically involving jewelry being transported to various shops within the local limits of Hyderabad.
Please note that while this recommendation is practical, legally, the issue of line sales is not explicitly addressed. However, Rule 55 does require mentioning recipient details along with their GSTIN (if registered).
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