Verifying authenticity is necessary to avoid fraud as it safeguards you against inaccuracies and fraudulent activities.
To ensure your GST bill is genuine you need to follow some steps:
Check the supplier's GSTIN
Always verify supplier's GST Identification Number on the GST portal. To ensure that the GSTIN is valid.
Check the Invoice Number and Date
You must check the invoice number is unique and the date is accurate and falls within the expected timeline.
Check the Total Invoice Value and Tax Amount
Check the mentioned total invoice value and GST amount are correct and match the applicable rates.
Check the HSN/SAC Code
Always check HSN/SAC codes mentioned in the invoice are accurate
Verify Supplier's Signature
Make sure the supplier’s signature is genuine and matches records.
Check Tax Payment Status
Confirm the supplier has paid the tax by reviewing their GST return status on the portal.
Verify Reverse Charge Mechanism
Check for the correct reverse charge indicator on the invoice if the reverse charge mechanism is applicable.
Double-Check with the Purchase Order and Delivery Challan
Match the GST bill details with the purchase order and delivery challan to ensure consistency in quantity, description, and pricing.
Use GST Verification Tools to verify the GST Number
Utilize online tools like the GST e-Invoice portal or https://services.gst.gov.in/services/searchtp to verify the authenticity of GST bills using GSTIN.
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