How Many Types of Invoice in GST?

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There will be 2 types of Invoices in GST

HSN Code List for GST in pdf, HSC Codes in Excel Format, Find HSN Code for Your Business. Check out our HSN Code finder, HSN stands for Harmonized System of Nomenclature which is an internationally accepted product coding system used to maintain uniformity in the classification of goods. Generate GST Invoice Format in Word & Excel. Export Invoice Under GST. Advantages of GST. GST Audit Checklist. Depreciation Methods. Check GST – HSN Code. GST Exemption List. Partnership Firm Registration.

  1. Types of GST Invoices. Try Invoicing Software – 3O Days(Trial) Generate GST Invoice Format in Word & Excel. Export Invoice Under GST. Advantages of GST. GST Audit Checklist. Depreciation Methods. Check GST – HSN Code GST Exemption List. Partnership Firm Registration.
  2. HSN Code of Goods Description of Goods Quantity as well as Quantity Code or Units Total Value Discount if any and Taxable Value (Total Value-Discount) Rate of Tax (Separately show CGST, SGST, without IGST, UTGST, Cess if any) Place of Supply (It is required For Interstate Sales) Address for Delivery.
  3. SAC Code List, Download SAC Code for GST in Excel, PDF Format. SAC Code means Services Accounting Code. SAC code is used to classify services unlike goods which follows HSN code. For each type of service provided, there is an unified code for recognition, measurement an.
  1. Tax Invoice
    It is to be used for all types of taxable Sales
  2. Bill of Supply
    It is to be used for exempt sales + Sales by Composition Dealer

Note:-

For both Goods and Services, It will be Same Series (bill book)

Also for both local and central sales which are taxable, same bill book

Only for exempt goods, there will be separate bill book called Bill of Supply

How will Tax be Charged on Bills

On Local Sales,CGST + SGST will be Charged

On Central Sales,IGST will be Charged

Example

Similarly on Services, Also Same tax will be charged

Example

Compulsory Items Required in Tax invoice in GST

  1. Name, Address, GSTIN No of Supplier
  2. Unique Serial Number of Each Invoice in one or multiple series (Can have Dash (– )or Slash (/).But it should be different series for each year
  3. Date of Issue of Invoice
  4. Name , Address ,GSTIN of Buyer if Registered
  5. In Case of Unregistered Buyer, Name, Address, State, Place of Delivery is compulsorily required if Invoice Value before taxes is more than 50000
  6. HSN Code of Goods
  7. Description of Goods
  8. Quantity as well as Quantity Code or Units
  9. Total Value
  10. Discount if any and Taxable Value (Total Value-Discount)
  11. Rate of Tax (Separately show CGST, SGST, without IGST, UTGST, Cess if any)
  12. Place of Supply (It is required For Interstate Sales)
  13. Address for Delivery
  14. Whether Tax is Payable Under Reverse Charge
  15. Signature/Digital Signature of Authorized Signatory

Sample Format of Tax Invoice in GST

TAX INVOICE ON GOODS LOCAL

Hsn

TAX INVOICE ON GOODS CENTRAL

Download in Excel Format

TAX INVOICE ON GOODS LOCAL 2

Download in Excel Format

TAX INVOICE ON SERVICES LOCAL

TAX INVOICE ON SERVICES CENTRAL

Download in Excel Format

QUESTIONS

Can Cash Sales InvoIce Be issued without Mentioning Buyer Name?

Yes

This can be done only if

Sale is to Unregistered

Taxable Value (Amount before taxes) is upto 50000

For Different Cash Sales during the day, Can One Bill to be issued or Separate?

If taxable value (amount before taxes) is upto 200

And

Msi n1996 audio driver. Buyer Does not ask for bill

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Single invoice can be issued for one day sales

What is HSN Code of Item

Full form of HSN Code is

  • Harmonized System Nomenclature
  • In easy language , it means Serial number of Goods
  • In GST,Each goods has a unique Serial Number OF 8 Digits

You can search HSN Code for your goods here

For Services,You can Download Service Accounting Code Excel Sheet

Is Mentioning HSN Code Compulsory on Invoice?

It Depends upon Turnover of Tax Payer

Gst Hsn Code List In Excel Free Download Free

TURNOVER OF TAX PAYER IN LAST YEAR

REQUIREMENT OF HSN CODE

UPTO 150 LAKHS(1.5 CRORE)

NOT REQUIRED

1.5-5 CRORES

FIRST 2 DIGITS

MORE THAN 5 CRORES

FIRST 4 DIGITS

(Notificatiion 12/2017)

How Many Copies of Invoice to be Issued?

As per Rule 3 of GST Revised Invoice Rules:

  1. The invoice shall be prepared in triplicate, in case of supply of goods, in the following manner:–
    1. the original copy being marked as ORIGINAL FOR RECIPIENT;
    2. the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
    3. the triplicate copy being marked as TRIPLICATE FOR SUPPLIER.
  2. The invoice shall be prepared in duplicate, in case of supply of services, in the following manner:-
    1. the original copy being marked as ORIGINAL FOR RECIPIENT; and
    2. the duplicate copy being marked as DUPLICATE FOR SUPPLIER.
  3. The serial number of invoices issued during a tax period shall be furnished electronically through the Common Portal in FORM GSTR-1.

How to check Tax Rate on Services to be charged on Bill?

Normal Tax Rate on Service is 18%

However on some services,tax rate is different

Get Complete list here

Download in PDF FORMAT

Real Bill Example for Restaurant Business

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