Invoice

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This query is : Resolved

PRAVEEN M (Querist)

03 July 2017 Dear Sir,

We need to prepare GST Tax invoices from 01-07-2017. Hence my query is shall we continue our existing invoice serial No?

Please reply me.

Regards,
Praveen. M

CA Anuj Agrawal

CA Anuj Agrawal (Expert)

03 July 2017 ref rule 1 of tax invoice point b - a consecutive serial number not exceeding sixteen characters, in one or multiple series,
containing alphabets or numerals or special characters hyphen or dash and slash symbolised
as “-” and “/” respectively, and any combination thereof, unique for a financial year;

>>>.Hence it could be different than you currently uses but shud follow in consecutive order...

PRAVEEN M

PRAVEEN M (Querist)

31 July 2017 Sir,

Thanks for your reply and i have gone through the Invoice rules. I have not noticed that sixteen character restriction in invoice rules. Please clarify

I think you can help me in another GST Query. My doubt is about reverse charges. i came to know that In case of RCM in GST the receipient need to prepare an invoice to pay his reverse charge liability on applicable purchases of Goods and Service and all purchases of goods and services from unregistered dealer (Exceeding 5000/- in a day). Can you please share me an invoice format? Please advice whether the rates under RCM is same as normal rates under Goods and Service tax.

Please help me.