This discussion outlines the essential components required for a Goods and Services Tax (GST) invoice, as mandated by the GST Act. It details crucial information such as invoice number, dates, customer and supplier addresses, GSTINs, HSN codes, taxable values, applicable discounts, GST rates (CGST/SGST/IGST), and the supplier's signature. Adhering to this format ensures compliance and accurate tax reporting.
GST Invoice Format As per rules specified under the GST Act, to correctly create an invoice under GST rules, it needs to mandatorily have the following fields:
Date and Invoice number Name of Customer Billing Address and Shipping Address of customer GSTIN of Tax payer and Customer (if registered) Place of supply HSN Code (Harmonised System of Nomenclature Code) Quantity, descripttion or other relevant item measure/details Taxable value/applicable discount GST rates and total GST charged including details of applicable CGST/SGST/IGST for the item Signature of the supplier.