What is GST Invoice Format and Rules

Meaning of GST Invoice Format and Rules

 

The details about GST Invoice Format and Rules are explained here. 

Invoice value

GST Invoice Format and Rules

The rollout of GST in 2017 will necessitate changes to the invoice format for millions of businesses. The format for issuing GST invoice and the related rules are laid out in the GST Tax Invoice, Credit and Debit Notes Rules.

Invoice Format

All invoice issued by businesses under GST must contain the following information:

  • Name, address and GSTIN of the supplier
  • A consecutive serial number not exceeding sixteen characters, 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.
  • Date of its issue
  • Name, address and GSTIN or UIN, if registered, of the recipient
  • 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;
  • HSN code of goods or Accounting Code of services;
  • Description of goods or services;
  • Quantity in case of goods and unit or Unique Quantity Code thereof
  • Total value of supply of goods or services or both
  • Taxable value of supply of goods or services or both taking into account discount or abatement, if any
  • Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess)
  • Amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess)
  • Place of supply along with the name of State, in case of a supply in the course of inter-State trade or commerce
  • Address of delivery where the same is different from the place of supply
  • Whether the tax is payable on reverse charge basis; and
  • Signature or digital signature of the supplier or his authorized representative.

The information on GST Invoice Format and Rules is detailed above.   Comment below your thoughts on GST Invoice Format and Rules

 

 

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

Section 146 of CGST Act, 2017 Common Portal   

Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents              

Job work procedure, Section 143 of CGST Act, 2017         

Section 139 of CGST Act, 2017 Migration of existing taxpayers    

Section 135 Presumption of culpable mental state, CGST Act, 2017          

Liability of officers and certain other persons, Section 133 of CGST Act, 2017       

Sec 132 of CGST Act, 2017 Punishment for certain offences         

Section 129 of CGST Act, 2017 Detention, seizure and release of goods and conveyances in transit

Section 124 Fine for failure to furnish statistics, CGST Act, 2017  

Sec 122 Penalty for certain offences, CGST Act, 2017

Input Service Distributor under GST

Meaning of term Inward supply under GST

What is GST Invoice Format and Rules

Term Intra State Sales under GST

Interest on delayed payment of tax under GST

Inter State supplies under GST

Meaning of Interstate dealer and seller

Inter State B2C Supply Means

Meaning of term Inter-State Goods and Service Tax (IGST) under GST

Inter and Intra State Level tax under GST

Register with Export Promotion Council

How to Choose a product for export business

Excise and Customs - Click here to read complete notification under Budget 2014

How to get Export Orders?

How to settle dispute in Exports and Imports?

Click here to know India Trade Classification(ITC)

Pre shipment bank finance to suppliers for exports through other agencies

Types of export containers

Measurement of export containers

Export Import Policy of India 2015-2020

MEIS, Merchandise Exports from India Scheme 

Documents required for Export from Paraguay

Customs procedures for Paraguay Export

Registration required to export from Paraguay

Documents needed for Paraguay import

Import Customs processes in Paraguay

Import Registration and import Licence procedures in Paraguay

How to export from Papua New Guinea?

 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers