GST Invoicing

WHEN AN INDIVIDUAL OR ANY ENTITY WHO ARE REGISTERED UNDER GST ACT,   HAVING GOODS AND SERVICE TAX  NUMBER DEAL IN PURCHASING OR SELLING GOODS AND RENDERING OR PROVIDING SERVICES WHICH ARE TAXABLE UNDER GST ACT.THEIR IS A NEED TO ISSUE A TAX INVOICE.

USE OF TAX INVOICE:-

  • IT IS A PREREQUISITE TO CLAIM INPUT TAX CREDIT.
  • CUSTOMER CREADIBILITY OR GOODWILL.

THE GST TAX INVOICE,CREDIT AND DEBIT NOTE RULE DESCRIBE THE FORMAT OF GST INVOICE AND ITS RELATED RULES.

YOU HAVE TO PREPARE PROPER JOURNAL AND LEDGER WITH THEIR TALLY TO ASSURED THAT INVOICES UNDER GST HAS BEEN PREPARED BY REGISTERED ENTITY OR INDIVIDUAL CONFIRMS ALL THE STANDARDS LAID DOWN BY THE GST RULES AND REGULATIONS FOR SUPPLYING TAXABLE GOODS AND SERVICES.

GST INVOICES CAN BE ISSUED AT ANYTIME BEFORE THE TIME OF SUPLLY OF TAXABLE GOODS OR SERVICES OR EVEN AFTER THE TIME OF SUPPLY OF TAXABLE GOODS OR SERVICES.

PROPER GST INVOICES HELP YOU TO INCREASE YOUR SALE,DECREASE YOUR OUTSTANDING RECEIVABLE,REDUCED COMPLEXIBILITIES,GIVE YOUR BUSINESS A NEW GROWTH..

 

THERE ARE TWO TYPES OF GST INVOICES:-

  • TAX INVOICE:- THIS TYPE OF INVOICE IS ISSUED FOR ALL SALES WHICH ARE TAXABLE.THIS INVOICE INCLUDE COMMONLY BILL COVERED FOR :-
  1. SALE WHICH ARE DONE AT LOCAL LEVEL
  2. SALE WHICH ARE DONE AT CENTRAL LEVEL
  3. SALE WHICH ARE DONE AT INTERNATIONAL LEVEL(I.E. EXPORT)
  • BILL OF SUPPLY:- THIS TYPE OF INVOICE IS ISSUED FOR ALL SALES WHICH ARE EXEMPT AND ALL THOSE SALES WHICH ARE DONE BY COMPOSITION DEALER.

THE CALCULATION OF TAX WHICH IS USED IN MAKING THE INVOICE:-

  • THE SALE WHICH ARE DONE AT LOCAL LEVEL MEANS THE INTRA STATE SALE THE CENTRAL AND STATE GST WILL BE CHARGED AT EQUALLY ON THAT SALE.(GST =CGST+SGST).
  • THE SALE WHICH ARE DONE AT CENTRAL LEVEL MEANS THE INTERSTATE SALE THE INTEGRATED GST WILL BE CHARGED ON THAT SALE (IGST RATE= CGST+SGST).
  • A SAMPLE INVOICE OF GST IS GIVEN BELOW:-

 

 

 

 

 

  TARANG SOLUTIONS PVT. LTD.      
  B-176/B, YAMUNA VIHAR, NEW DELHI-110053 Original for Receipient
  Tel: 011-22561941
  GSTIN: 07AABDZ0160C1ZR      
 
Tax Invoice
Invoice No: 100/19-20 Transport Mode:
Invoice date: 30-OCTOBER-2019 Vehicle number: DL-ILT-6170
Reverse Charge (Y/N): Date of Supply:
State:       Place of Supply: DELHI
 
Bill to Party Ship to Party
Name: MANISH ELECTRONICS Name: SAME AS
Address: SHOP NO. 28,L.G.G. RAVINDER PLAZA BUILDING, 10178, ABDUL AZIZ ROAD, KAROL BAGH, NEW DELHI-110005 Address:
GSTIN:  07ADKPT5632J1Z3 GSTIN:
State: State: Code  
 
S. No. Product Description HSN code UOM Qty Taxable Value CGST SGST Total
Rate Amount Amount
1    
                   
                   
                   
                   
                   
          0   0 0 0
          0   0 0 0
          0   0 0 0
          0   0 0 0
          0   0 0 0
          0   0 0 0
Total  
Total Invoice amount in words Total INVOICE Amount before Tax
Add: CGST
Add: SGST
Total Tax Amount
Total INVOICE Amount after Tax:
Bank Details   GST on Reverse Charge 0
Bank A/C: 630105006904 Ceritified that the particulars given above are true and correct
Bank IFSC: ICIC0006302 (ICICI Bank) For TARANG Solutions Pvt. Ltd.
Terms & conditions  
Common Seal Authorised signatory

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