What is GST Invoice?
An invoice or a GST bill is a list of goods sent or services provided, along with the amount due for payment.
Who should issue GST Invoice?
If you are a GST registered business, you need to provide GST invoices to your clients for sale of good and/or services.
What are the mandatory contents for GST Invoice?
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
Note: If the recipient is not registered and the value is more than Rs. 50,000 then the invoice should carry:
► Name and address of the recipient,
► Address of delivery,
► State name and state code