Format of GST invoice
Posted on: 26/Oct/2017 11:46:53 AM
Attention to all the business owners! If you run a GST-registered business, for all the sales or service or products, you ought to provide invoices to clients or customers that are GST-complaint.
Inclusions in GST invoice
In general, the GST invoice is issued for charging tax and pass it on to the input tax credit. A GST based invoice must contain details including invoice, date, name of customer, address for shipping and billing, GSTIN of customer and the taxpayer if registered, supply destination, HSN code, SAC code, item details including description, unit in meter/litre/kg, quantity, total item value, taxable value, tax rate, discount, etc.
What if unregistered?
When the customer or taxpayer has not got registered with GSTIN, and if the value of service or good is beyond Rs. 50,000, the invoice should compulsorily contain recipient name and address, delivery address, state name and code.
