How invoices to be issued in GST.?? Confused?? Read this Article

gst registration

In ordinary course of business every person has to issue an invoice whether it is a normal invoice or Tax Invoice because it is a basic document for recording sale and purchase. In this article we have described the content to be included while preparing the invoice because Under the GST, TAX INVOICE shall be issued by the person who has register himself under the GST act (i.e. registered person) shall includes the following particulars in his invoices: –

(a) Name, address and GSTIN of the supplier;

(b) a consecutive SERIAL NUMBER, 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 issue of invoice;

(d) name, address and GSTIN or UIN of the recipient (if registered);

(e) name and address of the recipient and the address of delivery, along with the name of State and its code, if such recipient is un-registered and where the value of taxable supply is fifty thousand rupees or more;

(f) HSN code of goods or Accounting Code of services (which classified goods and services);

(g) description of goods or services;

(h) QUANTITY in case of goods and unit or Unique Quantity Code thereof; total value of supply of goods or services or both;

(j) taxable value of supply of goods or services or both taking into account discount or abatement, if any;

(k) RATE of tax (central, State, integrated, Union territory tax or cess);

(l) AMOUNT OF TAX charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);

(m) PLACE OF SUPPLY along with the name of State, in case of a supply in the course of inter-State trade or commerce;

(n) ADDRESS OF DELIVERY where the same is different from the place of supply;

(o) SIGNATURE or digital signature of the supplier or any person authorized by him:

In case of EXPORTS OF GOODS OR SERVICES, the invoice shall carry an endorsement “SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” or “SUPPLY MEANT FOR EXPORT UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF IGST”, as the case may be, and shall, contain the following details:

(i) name and address of the recipient;

(ii) address of delivery;

(iii) name of the country of destination; and

(iv) number and date of application for removal of goods for export:

Time limit for issuing tax invoice

The invoice in case of taxable supply of services, shall be issued within a period of thirty days from the date of supply of service:

Manner of issuing invoice

The invoice shall be prepared in 3 copies, in case of supply of GOODS, in the following manner: –

  • ORIGINAL FOR RECIPIENT

(b) DUPLICATE FOR TRANSPORTER; and

(c) TRIPLICATE FOR SUPPLIER.

The invoice shall be prepared in duplicate, in case of supply of SERVICES, in the following manner: –

(a) the original copy being marked as ORIGINAL FOR RECIPIENT; and

(b) the duplicate copy being marked as DUPLICATE FOR SUPPLIER.

Just take a look of Invoice format and it contents under the GST

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