Invoicing

GST invoice is a bill or receipt of items sent or services that a seller or service provider offers to a customer. It specifically lists out the services/products, along with the total amount due. One can check a GST invoice to determine said product or service prices before CGST and SGST are levied on them. A GST invoice bill also displays the amount of taxes charged on each product or service, which an individual purchases from the seller or provider.

What are the mandatory fields a GST Invoice should have?

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-

  1. Invoice number and date

  2. Customer name

  3. Shipping and billing address

  4. Customer and taxpayer’s GSTIN (if registered)**

  5. Place of supply

  6. HSN code/ SAC code

  7. Item details i.e. description, quantity (number), unit (meter, kg etc.), total value

  8. Taxable value and discounts

  9. Rate and amount of taxes i.e. CGST/ SGST/ IGST

  10. Whether GST is payable on reverse charge basis

  11. Signature of the supplier

**If the recipient is not registered AND the value is more than Rs. 50,000 then the invoice should carry:

i. name and address of the recipient,

ii. address of delivery,

iii. state name and state code

Here is a sample invoice for your reference:

GST Invoice: GST Rules & Bill Format Guide - Tax2win