GST – How to make Invoice?
TAX INVOICE
A registered person has to issue tax invoice for his sales. Tax Invoice should have following details:
(a) Name, address and GSTIN of the supplier;
(b) Consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(c) Date of its issue;
(d) Name, address and GSTIN or UIN, if registered, of the recipient;
(e) 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;
(f) HSN code of goods or Accounting Code of services;
(g) Description of goods or services;
(h) Quantity in case of goods and unit or Unique Quantity Code thereof;
(i) Total value of supply of goods or services or both;
(j) Taxable value of supply of goods or services or both taking into account discount or abatement, if any;
(k) Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
(l) Amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
(m) Place of supply along with the name of State, in case of a supply in the course of inter-State trade or commerce;
(n) Address of delivery where the same is different from the place of supply;
(o) Whether the tax is payable on reverse charge basis; and
(p) Signature or digital signature of the supplier or his authorized representative
RECEIPT VOUCHER
A registered person shall, on receipt of advance payment with respect to any supply of goods or services or both, has to issue a receipt voucher. It should contain following details:
(a) Name, address and GSTIN of the supplier;
(b) Consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(c) Date of its issue;
(d) Name, address and GSTIN or UIN, if registered, of the recipient;
(e) Description of goods or services;
(f) Amount of advance taken;
(g) Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
(h) Amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
(i) Place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce;
(j) Whether the tax is payable on reverse charge basis; and
(k) Signature or digital signature of the supplier or his authorized representative
PAYMENT VOUCHER
A registered person has to sometimes pay under reverse charge mechanism. In that case he needs to issue the payment voucher which should contain the following details:
(a) Name, address and GSTIN of the supplier;
(b) Consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(c) Date of its issue;
(d) Name, address and GSTIN or UIN, if registered, of the recipient;
(e) Description of goods or services;
(f) Amount paid;
(g) Rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
(h) Amount of tax payable in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
(i) Place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce; and
(j) Signature or digital signature of the supplier or his authorized representative
Leave a Reply