Nt1330 Unit 2 Individual Assignment

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GST Invoice

Invoice is nothing but a bill which is a list of goods and services that are sent or provided with due payment. We can create a GST compliant invoices for free using the GstGola Software. If you are a GST registered then

you have to provide the GST compliant invoice to your clients for the goods and service sales.

Essential fields for GST Invoice

Generally a tax invoice or bill is issued for charging the tax and passing it on the input tax credit. A GST Invoice should have the following mandatory fields. Take a look at them.

1. Invoice Number and Date
2. Name of the customer
3. Customer and taxpayer GSTIN
4. Shipping and Billing Address
5. Details of the item.
6. Taxable discounts
7. Signature of the GST Supplier.
8. Place of Supply …show more content…
HSN code/SAC code

If the recipient is not registered and the money is more than Rs. 50,000/- then invoice should have the following things.
Name and address of the recipient
Delivery Address
Name of the State and Code.

GST Act has a certain amount of time limit to issue the GST tax invoice, revised bills, debit notes etc. Below are the listed due dates for issuing the invoice to customers.

Goods (Normal Case) - On or before the delivery
Goods (Continuous Supply) - On or Before the issue date of the account payment.
Services (General Case) - And the due date is within 30 days of supply of the services.
Services (Banks and NBFCs) - The due date is within 45 days of supply of services.

Personalise GST Invoice:
We can personalise the GST invoice with the company logo. Here with the help of GstGola Software you can create and as well as personalise the GST Invoice which is available for free.

Invoice Types:
Bill of Supply
Aggregate Invoice
Debit and Credit Note

Bill of Supply: It is similar to GST invoice but the difference is that the bill of supply does not include any tax as the seller does not charge any GST to buyer. The bill of supply issued where the tax is not
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