Which details should be in Tax Invoice:
Sellers details
Seller Name
Address, Logo
GST Number
Mobile number
Buyers details
Buyers Name
Buyers Address with Pin code
Mobile number
GST Number if available
Other details like
Details of Item Sold or services provided
HSN Code column for goods or SAC code for services
Quantity of item sold
Quantity measure units like pcs/numbers/kg
Taxable Value (Total Value before Tax)
GST Rate and Tax Amount
Total Invoice Value (Final Value)
Invoice number and date
Vehicle number if goods transported through vehicle
Signature of supplier
Payment condition If any
If registered in MSME, then MSME Registration Number
Few Important points to be consider while issuing invoice:
1.If goods are delivered to some other place which is different from buyer address, then Invoice should contain details of ship to address, in which place & person details should be mentioned where goods are actually delivered.
2.Invoice Serial number should be unique in every financial year..every year from 1st April, Invoice number should be start with no. 1 along with prefix or suffix so that anyone after seeing Invoice, anyone may know that this invoice belongs to this financial year. Prefix or suffixe may be 2024-25 or 24-25 or etc.
3.Invoice should be issued when goods are sold or services are deliverered.
4. An exempted dealer who are dealing in GST exempted goods would not issue Tax Invoice, he will issue Bill of Supply.
5.Invoice should be consecutively serially numbered and it can be issued in multiple series.
6.Tax Invoice should be issued in 3 copies/triplicate.
First copy should be issued to buyer
Second copy should be for transporter who will deliver goods to customer place
Third copy would be with supplier
If there is no transporter then it must be issued in 2 copies.
Author
CA.Shobhit Kesharwani