GST invoice format

GST invoice format

Invoicing is familiar to anyone who sells goods or services in India and all around the globe. While so far there has been a clear format for each type of invoice created – retail, tax, excise, the new goods and services tax bill will see a handful of changes in the regular invoices.

The government of India has released the rules of invoicing under GST together with an invoice template that highlights the data needed on these documents.
When a registered supplier sells goods or services that are taxable, a tax invoice has to be issued.
We’ve created a GST bill format template to help you make complying invoices, based on the rules issued by the government.

MasterGST invoice format is as show in below image:

This GST return format contains following information:

    • Invoice Number: An invoice number is a unique 9-or 13-digit number assigned by UPS to a shipment for billing purposes.
      You will be required to specify your invoice number when completing the PDF Invoice Enrollment form.
    • Invoice Date: The date on which an invoice for a good is issued, which is usually the same day the good is sent to the buyer.
    • Place Of Supply: Destination of supply.
    • Customer Name: Name of customer
    • GSTN: GST number
    • Billing Address: Billing address is the address to which you are billing.
    • Shipment Address: Shipping address is the address where you actual deliver the goods.
    • Item/Product/Service: Name of item.
    • HSN/SAC: ‘Harmonized System of Nomenclature’/’Service Accounting Codes’ code
    • UQC: It is being used by GSTN to maintain a standardized format for every unit of measure.
    • Qty : Quantity
    • Rate: Product rate
    • Discount: discount of that product.
    • Taxable Amount: is the gross income of an individual or corporation, less any allowable tax deductions.
    • Tax Rate: Which % of rate the item goes under.
    • Tax (GST)
      • IGST: Inter state supply tax(supply between the states).
      • CGST: Intra state supply tax(supply with in the state ).
      • SGST: Intra state supply tax(supply with in the state ).
    • CESS: GST Cess is an additional cess levied on supply of certain notified goods.
      • Rate: Tax rates
      • Amount: Total amount
    • Total:
    • Invoice Type :
      • Regular:This is a basic format for an invoice and can be used in the same format for different business transactions.
        This type of invoice consists of all the basic information that is to be included in any invoice such as the unique invoice number, name of seller,
        the company’s name, address, contact details, name of the buyer, address, items purchased, total cost etc.
      • Deemed Exports:refer to sale of goods to customers within India, who are generally holders of an export license. The materials sold are required to be used in the production of goods meant for ultimate export.
      • SEZ(Special Economic Zones) Exports with payment:charge IGST on its supply, pay it and then claim refund
      • SEZ(Special Economic Zones) Exports without payment:not charge any Integrated GST (IGST) to SEZ and supply under a cover of bond/letter of undertaking and file refund claim of corresponding Input Tax Credit (ITC)
    • Type :
      • Reverse Charge: the receiver becomes liable to pay the tax, i.e., the chargeability gets reversed.
      • TCS:
        • Ecommers Operation GSTIN: are responsible for deducting and depositing TCS at the rate of 2% from each of the transaction.
        • Operator ID:
      • TDS: For the purpose of tax deducted at source under GST, the value of supply is to be taken as the amount excluding the tax indicated in the invoice. This means TDS shall not be deducted on the CGST, SGST/UTGST or IGST component of the invoice.
      • None
    • Bank Name: Name of the bank
    • Account Number: Account holder name
    • Branch Name: Name of branch
    • IFSC code: IFSC code of the branch

Above all fields are mandatory fields in GST bill format. After filling all the fields in GST return format, you can
print or you can save invoice.

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MasterGST - India's Best GST Billing , Invoicing & Billing Software. GSP(GST API) product from Tera Software Limited - GSP Licensed holder from GSTN