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Download Excel Format of Tax Invoice in GST

How Many Types of  Invoice in GST?

There will be 2 types of Invoices in GST

1. Tax Invoice It is to be used for all types of taxable Sales
2. Bill of Supply It is to be used for exempt sales +Sales by Composition Dealer

Note:-

For both Goods and Services, It will be Same Series (bill book)

Also for both local and central sales which are taxable, same bill book
Only for exempt goods, there will be separate bill book called Bill of Supply

 

How will Tax be Charged on Bills
On Local Sales,CGST+SGST will be Charged
On Central Sales,IGST will be Charged
  Example

Similarly on Services, Also Same tax will  be charged
Example

Compulsory Items Required in Tax invoice in GST

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1. Name,  Address, GSTIN No of Supplier
2. Unique Serial Number of Each Invoice in one or multiple series (Can have Dash (– )or Slash (/).But it should be different series for each year
3. Date of Issue of Invoice
4. Name , Address ,GSTIN of Supplier If Registered
5. In Case of Unregistered Buyer, Name, Address, State, Place of Delivery is compulsorily required if Invoice Value before taxes is more than 50000
6. HSN Code of Goods
7. Description of Goods
8. Quantity as well as Quantity Code or Units
9. Total Value
10. Discount if any and Taxable Value (Total Value-Discount)
11. Rate of Tax (Separately show CGST, SGST, withountIGST, UTGST, Cess if any)
12. Place of Supply (It is required For Interstate Sales)
13. Address for Delivery
14. Whether Tax is Payable Under Reverse Charge
15. Signature/Digital Signature of Authorized Signatory

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Sample Format of Tax Invoice in GST

TAX INVOICE ON GOODS LOCAL

TAX INVOICE ON GOODS CENTRAL
 

Download in Excel Format

GST Tax Invoice Format for Goods - teachoo.xlsx

TAX INVOICE ON SERVICES LOCAL

TAX INVOICE ON SERVICES CENTRAL

Download in Excel Format

 GST Tax Invoice Format for Services - teachoo.xlsx

QUESTIONS

Can Cash Sales InvoIce Be issued without Mentioning Buyer Name?
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Yes

This can be done only if
Sale is to Unregistered
Taxable Value (Amount before taxes) is upto 50000
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For Different Cash Sales during the day, Can One Bill to be issued or Separate?
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If taxable value (amount before taxes) is upto 200
And

Buyer Does not ask for bill

Single invoice can be issued for one day sales
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What is HSN Code of Item
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Full form of HSN  Code is

• Harmonized System Nomenclature
• In easy language , it means Serial number of Goods
• In GST,Each goods has a unique Serial Number OF 8 Digits

You can search HSN Code for your goods here
For Services,You can Download Service Accounting Code Excel Sheet

Classification Scheme for Services under GST.xlsx

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Is Mentioning HSN Code Compulsory on Invoice?
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It Depends upon Turnover of Tax Payer

TURNOVER OF TAX PAYER IN LAST YEAR	REQUIREMENT OF HSN CODE
UPTO 150 LAKHS(1.5 CRORE)	NOT REQUIRED
1.5-5 CRORES	FIRST 2 DIGITS
MORE THAN 5 CRORES	FIRST 4 DIGITS

 (Notificatiion 12/2017)
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How Many Copies of Invoice to be Issued?
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As per Rule 3 of GST Revised Invoice Rules:

1. The invoice shall be prepared in triplicate, in case of supply of goods, in the following manner:–
   1. the original copy being marked as ORIGINAL FOR RECIPIENT;
   2. the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
   3. the triplicate copy being marked as TRIPLICATE FOR SUPPLIER.
      
2. The invoice shall be prepared in duplicate, in case of supply of services, in the following manner:-
   1. the original copy being marked as ORIGINAL FOR RECIPIENT;  and
   2. the duplicate copy being marked as DUPLICATE FOR SUPPLIER.
      
3. The serial number of invoices issued during a tax period shall be furnished electronically through the Common Portal in FORM GSTR-1.

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 How to check Tax Rate on Services to be charged on Bill?
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Normal Tax Rate on Service is 18%
However on some services,tax rate is different
Get Complete list here
http://www.teachoo.com/6339/1903/Tax-Rate-in-GST-on-Services/category/GST-Basics/
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Download in PDF FORMAT

GST Invoice Formats by teachoo.pdf

 

 

 

Real Bill Example for Restaurant Business

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(Author can be reached at By- Sonu Mehla Mobile- 8285910007 E-Mail- sonuandfirm@gmail.com)