Raise a GST Invoice

If you have GST registered business, then it is mandatory to provide the bills to your clients, in other words, we can say you have to provide GST invoice. We, helps you to raising a GST Invoice.There are some important guidelines have be mentioned regarding raise a GST Invoice.

How and when to raise a GST Invoice?

A GST Invoice is one of the most important documents in any transaction as it confirmation of the supply of goods or any services. However, the GST Invoice is also a major barometer of the time of supply.

A registered person under GST cannot claim the benefit of Input Tax Credit until he is in the possession of a GST invoice. Because of these reasons it is mandatory to raise a GST invoice to rescue from the error or mistakes, will impact both the buyer and seller.

When should a GST Invoice to be Raise?

The time of raising a GST Invoice depends upon the kind of supply, that means whether it is a supply of goods or a supply of service.

In case of supply of taxable goods, a registered person would have to issue an invoice at any of the below mentioned time-

• Before the removal of Goods, or
• After the removal of Goods, or
• Delivery of Goods, or

In case of supply of taxable services, a registered person would have to issue the GST Invoice at any of the below mentioned time-

• Before the Provision of Service, or
• Within 30 days from the delivery of service

Mandatory fields a GST Invoice should have?

A tax invoice is usually issued to charge the tax and pass on the input tax credit. A GST Invoice must have the below mandatory fields-

• Customer name
• Shipping and billing address
• Place of supply
• Customer and taxpayer’s GSTIN (if registered)
• HSN code/ SAC code
• Invoice number and date
• Taxable value and discounts
• Item details
• Rate and amount of taxes
• Signature of the supplier

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