GST Invoice Management

Mandatory fields for Invoice of GST:

  A tax invoice is generally issued to charge the tax and pass on the input tax credit. A GST Invoice must have the following mandatory fields:

  • 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
  • If the recipient is not registered AND the value is more than Rs. 50,000 then the invoice should carry:
    • i. name and address of the recipient,
    • ii. address of delivery,
    • iii. state name and state code
  • How many copies of Invoices should be issued?
  • For goods– 3 copies
  • For services– 2 copies

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