What is GST Invoice Format and Rules

Posted on 20 April 2023 Category : GST terms

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.