Here’s how you can draft a GST compliant invoice
With GST, every invoice drafted would need to follow certain provisions and details. Some of it is new, and some basic, but what is clear that under GST a tax invoice would certainly need a new approach. At starting of GST , a tax invoice that a registered person needs to draft must containing the following particulars:
The basics
Every Tax invoice should be contain:
(a) name of supplier their address and GSTIN .
(b) a consecutive serial number, in one or multiple series, containing alphabets or numerals. It can also have special characters like hyphen, dash and slash or any combination that uses the above, but one that is unique for every financial year.
(c) date of its issue
Some details
It should also contain the:
(d) name, address and GSTIN or UIN, if registered, of the recipient;
(e) if recipient is unregistered and where the value of taxable supply is Rs 50,000 or more, the invoice would need the name and address of the such recipient and the address of delivery, along with state name and code.
(f) Harmonized System of Nomenclature (HSN) code of goods or Accounting Code of services. This list is quite exhaustive and it is imperative that you quote the correct code from the list. You can find the list here .
Greater description
The invoice should also contain (g) description of goods or services. Along with this you would need to state:
(h) quantity in case of goods and unit or Unique Quantity Code;
(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;
(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);
Recipient details
When it comes to details of the recipient of the invoice it should contain details like:
(m) place of supply along with the name of State when the supply in the course of interState trade or commerce;
(n) address of delivery when it 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:
Manner of issuing invoice
Every one should note that in case of taxable supply of services, the invoice will be issued within a period of thirty days from the date of supply of service.
(1) The invoice shall be prepared in triplicate, in case of supply of goods, in the following manner:
(a) the original copy being marked as “Original for Recipient”
(b) the duplicate copy should be marked as “Duplicate for Transporter”
(c) the triplicate copy being marked as “Triplicate for Supplier”.
(2) The invoice should be prepared in duplicate, in case of supply of services, in the following manner:
(a) the original copy being marked as “Original for Recipient”
(b) the duplicate copy being marked as “Duplicate for Supplier”
(3) The serial number of invoices issued during a tax period can be furnished electronically through the Common Portal in FORM GSTR
Format of GST Invoice for Goods
Format of GST Invoice for Service Industry
