1. What is a GST Invoice?
2. Who should issue GST Invoice?
3. What are the mandatory fields a GST Invoice should have?
- Invoice number and date
- Customer name
- Shipping and billing address
- Customer and taxpayer’s GSTIN (if registered)**
- Place of supply
- HSN code/ SAC code
- Item details i.e. description, quantity (number), unit (meter, kg etc.), total value
- Taxable value and discounts
- Rate and amount of taxes i.e. CGST/ SGST/ IGST
- Whether GST is payable on reverse charge basis
- Signature of the supplier
4. By when should you issue invoices?
5. How to personalize GST Invoices?
6. What are other types of invoices?
6.A. Bill of Supply
- Registered person is selling exempted goods/services,
- Registered person has opted for composition scheme
Invoice-cum-bill of supply
6.B. Aggregate Invoice
6.C. Debit and credit note
- Tax invoice has a lower taxable value than the amount that should have been charged
- Tax invoice has a lower tax value than the amount that should have been charged
- Tax invoice has a higher taxable value than the amount that should have been charged
- Tax invoice has a higher tax value than the amount that should have been charged
- Buyer refunds the goods to the supplier
- Services are found to be deficient
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