What details of the supplier of goods/services are required to be captured on the invoice?
While issuing invoice, supplier of the goods/services supplied must include his name, address, GSTIN (GST Identification Number) and signature/digital signature on the invoice.
Does the supplier need to include details of the recipient of goods/services on the invoice?
If the recipient is registered under GST, then it is mandatory to capture his name, address and GSTIN/UID number on the invoice. If the recipient of goods/services is not registered under GST, then his name, address of delivery and state code should be mentioned.
What details (w.r.t. supply of goods/services) should a seller include on the invoice?
The following details must be mentioned:
- Date of issue of invoice
- Invoice number (with consecutive serial numbers in one or multiple series containing letters of alphabet and/or numerals or special characters like hyphen, dash and slash)
- HSN of goods/accounting code of services
- Description of goods/services
- Quantity/units of supply
- Total value of supply
- Taxable value of supply after taking into account discount or abatement, if any
- Place of supply along with name of state (in case of inter-state supply)
- Place of delivery (if different from the place of supply)
- Rate of tax (CGST, SGST/UTGST or IGST)
- Tax charged for goods/services (CGST, SGST/UTGST or IGST)
What is the time-line for a seller to issue invoice of goods/services supplied?
As per the GST Bill, a supplier is required to issue tax invoice on or before the removal of goods for supply, i.e., date of shipment. Since a seller has the option to issue invoice before the date of dispatch to the buyer, he/she can issue tax invoice upon confirmation of order.
For more detailed information, visit the GST portal.
GST Portal
*The guidance provided above is as per the Model GST law (released in November 2016) and draft Rules. Please refer to GST/ CBEC website for further details.