Invoicing Under GST
As a GST registered dealer, you are
required to provide GST Invoices, also known as bills to your clients.
1. What is a GST Invoice?
An invoice or a bill is a list of
goods sent or services provided, along with the amount due for payment.
2. Who should issue GST Invoice?
If you are a GST registered
business, you need to provide GST-complaint invoices to your clients for sale
of good and/or services.
Your GST registered vendors will
provide GST-compliant purchase invoices to you
3. What are the mandatory fields a GST Invoice should have?
A tax invoice is generally issued
to charge the tax and pass on the input tax credit. A GST Invoice must have the
following mandatory fields-
1. Invoice
number and date
2. Customer
name
3. Shipping
and billing address
4. Customer
and taxpayer’s GSTIN (if registered)**
5. Place of
supply
6. HSN code/
SAC code
7. Item
details i.e. description, quantity (number), unit (meter, kg etc.), total value
8. Taxable
value and discounts
9. Rate and
amount of taxes i.e. CGST/ SGST/ IGST
10. Whether GST
is payable on reverse charge basis
11. Signature
of the supplier
If the recipient is not registered
AND the value is more than Rs. 50,000 then the invoice should carry:
FOR MORE DETAILS...
AIAT Pvt. Ltd
Add:- 15 Bhande Plot, Umred Road Nagpur.
Email:- info@aiatindia.com
Cont:- 9604121000
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