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Invoice serial number for new financial year

Kamal Verma (Financial advisor) (578 Points)

02 April 2018

Dear Experts,

Is it mandatory to change invoice serial number as financial year change?? if yes, let me know the clear provision under GST regime.

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12 Replies

Anmol Singla (808 Points)
Replied 02 April 2018

I am also facing same issue, please reply if anyone know

VINEETH.R (FINANCIAL ACCOUNTANT) (458 Points)
Replied 02 April 2018

It is not mandatory.. If you wish you can change...

Kamal Verma (Financial advisor) (578 Points)
Replied 02 April 2018

Is there any provision in GST regime to not to change serial number in new financial year?? Please send notification/circular etc in this circumstace.

reema (ASSOCIATE COMPANY SECRETARY) (41 Points)
Replied 02 April 2018

STILL AM CONFUSED PLZ DO NEEDFUL REPLY ASAP.

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 April 2018

NEW INVOICE BOOK NUMBER FOR THE NEW FINANCIAL YEAR 2018-19 AS PER RULES OF CGST ACT

Kamal Verma (Financial advisor) (578 Points)
Replied 06 April 2018

Specify rule under which new invoice number for new fy is required.

ketki kothari (none) (7 Points)
Replied 09 April 2018

Rule 46 of CGST Rules does not mandate a taxpayer to freshly start an invoice series for the new financial year. Taxpayer can continue the invoice serial number from where he left on the 31st March.

In rule 46 & 54 it is clearly mentioned that serial number should be unique for a Financial year. Therefore Taxpayer can continue the invoice serial number from where he left on the 31st March.

An important point that needs to be kept in mind is such invoice number shall be UNIQUE for that FINANCIAL YEAR. However, it is purely a taxpayer’s choice and convenience if someone wants to start a fresh invoice number series.

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