What Is A GST Invoice?

A GST invoice is issued when a registered taxpayer offers taxable goods or services. Issuing and receiving GST-compliant invoices is a prerequisite for claiming ITC. If the taxpayer does not issue such an invoice to a customer who is a registered taxpayer, the customer will be disqualified from ITC and the taxpayer will lose the customer.


Who needs to issue a GST invoice?

If you are a GST-registered company, you will need to submit a GST invoice to your customers for the sale of goods and services.

What Are The Required Fields A GST Invoice Need To Have?

A tax bill is usually issued to rate the tax and by the skip at the enter tax credit. A GST Invoice should have the subsequent obligatory field-

  • Invoice wide variety and date
  • Customer name
  • Shipping and billing address
  • Customer and taxpayer`s GSTIN
  • Place of supply
  • HSN code/ SAC code
  • Item information i.e., description, quantity (wide variety), unit (meter, kg, etc.), the overall fee
  • Taxable fees and discounts
  • Rate and quantity of taxes i.e., CGST/ SGST/ IGST
  • Whether GST is payable on an opposite rate basis
  • Signature of the supplier.

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What Are Different Kinds Of Invoices?


  1. Bill of Supply

A bill of supply is like a GST receipt aside from that bill of supply containing no assessment sum as the merchant can’t charge GST to the purchaser.
A bill of supply is given in situations where expenses can’t be charged:
An enrolled individual is selling absolved merchandise/administrations,
The enlisted individual has decided on a synthesis plot.

Receipt cum-bill of supply

According to Notification No. 45/2017 – Central Tax dated thirteenth October 2017 If an enlisted individual is providing available as well as absolved products/administrations to an unregistered individual, then he can give a solitary “receipt cum-bill of supply” for every such stock.

  1. Total Invoice

If the worth of various solicitations is not as much as Rs. 200 and the purchaser is unregistered, the merchant can give a total or mass receipt for the various solicitations consistently.
For instance, you might have given 3 solicitations in a day of Rs.80, Rs.90, and Rs. 120. In such a case, you can give a solitary receipt, totaling Rs.290, to be called a total receipt

  1. Switch Charge Invoice

A citizen responsible to pay a charge under Reverse Charge Mechanism (RCM) needs to give a receipt for labor and products or both got by him. The beneficiary will refer to the way that the assessment is paid under RCM. What’s more, they need to give an installment voucher while making an installment to the provider.

  1. Debit and credit note

A debit note is given by the dealer when the sum payable by the purchaser to the vendor increments:

  1. Tax receipt has a lower available worth than the sum that ought to have been charged
  2. Tax receipt has lower charge esteem than the sum that ought to have been charged

A credit note is given by the merchant when the worth of the receipt diminishes:

  1. Tax receipt has a higher available worth than the sum that ought to have been charged.
  2. Tax receipt has higher duty esteem than the sum that ought to have been charged.
  3. The purchaser discounts the merchandise to the provider.
  4. Administrations are viewed as lacking.

What is the significance of GST receipt?

The significance of GST-consistent solicitations comes from the advantages they give out to the citizens. Here are the motivations behind why organizations ought to stay aware of the GST receipt design dominant during their exchanges.