INVOICE UNDER GST SYSTEM

(A)  Tax Invoice is issue to registered GSTIN holder to charge the tax and pass on the credit.

CONTENT OF TAX INVOICE:-

1. “Tax Invoice” should be mentioned in the invoice.
2. Full name, complete registered office address and GSTIN number of the person who supplied goods and services.

1. Billing and shipping details with complete address.
2. Date of issue of Invoice.
3. Sequential invoice number:

• Quantity and nature of goods supplied (HSN Code) or the extent and nature of service rendered (SAC Code).
• In respect of goods and services supplied
• Serial no. and Description of each item
• of units supplied
• Unit price exclusive of CGST, SGST and IGST
• Any discounts or Price reductions not included in the unit price
• Taxable value of goods and services exclusive of GST
• Rate and Amount of CGST, SGST and IGST separately
• Total bill value inclusive of GST in figure and words

1. Amount of tax subject to reverse charge (if any) shall be shown separately
2. Terms and Condition, Payment term, due date, etc are optional.

(B)  Bill of Supply is issue when Supply is of exempted Goods and Services/Rendering of exempted Services or Supplier/Service provider is paying tax under composition scheme.