New Invoice serial number for new financial year or Continue existing series

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53 Points Posted on 02 February 2023

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. OR We can Continue existing invoice  series in normal course of Business. (Ex 31/03/XXXX Invoice No.120 and on 01/04/XXXX No.121)

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On 02 February 2023 at 17:32 Report
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Quick Summary
Under GST, there is no mandatory requirement to change invoice serial number with change of financial year. Businesses can continue the existing invoice series or restart a new series (e.g., 001) as per internal control and convenience, ensuring uniqueness of invoices.

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SEO Sai Gr. Hosp.
211729 Points Posted on 02 February 2023

Changing the serial/ invoice series is not mandatory, but it helps to distinguish the FY easily. 

2 Reply
On 02 February 2023 at 20:43
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Profession Business
28211 Points Posted on 03 February 2023
A new serial number or the same one with new suffix.
1 Reply
On 03 February 2023 at 13:27
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CFO- at NHTF
58280 Points Posted on 03 February 2023
You can continue the series 121. You can also start from invoice number 001
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On 03 February 2023 at 14:24
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Chartered Accountant
86505 Points Posted on 04 February 2023
There is no compulsion on changing series in beginning of every year.
2 Reply
On 04 February 2023 at 08:51
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Profession Business
28211 Points Posted on 07 February 2023
A simple thing an online answer.
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On 07 February 2023 at 10:49
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CFO- at NHTF
58280 Points Posted on 12 February 2023
Continuation of invoice number is better to maintain the unique invoice number and to avoid duplicate numbers.

Starting of 001 invoice can give the number of invoices raised for the FY if you look at last invoice number
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On 12 February 2023 at 08:34


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