#Commercial invoice template quickbooks serial number
#Commercial invoice template quickbooks code
#Commercial invoice template quickbooks series

#Commercial invoice template quickbooks series

There are cases where consecutive payments are involved or a series of statements of accounts need to be issued in case of continuous supply of goods.

In case of Banking and Financial Services Institutions (BFSIs) such a period extends to 45 days. But such an invoice must be issued within a period of maximum 30 days from the provision of service.

The invoice must be issued before or after the provision of service in case of taxable services.

What Information Should Be Included On A GST Tax Invoice?

Signature or digital signature of the supplier or his authorized representative.

Whether the tax is payable on reverse charge basis.

Address of delivery where the same is different from the place of supply.

Place of supply along with the name of state, in case of a supply in the course of inter-state trade or commerce.

Amount of tax charged in respect of taxable goods or services (central tax, state tax, integrated tax, union territory tax or cess).

Rate of tax (central tax, state tax, integrated tax, union territory tax or cess).

Taxable value of supply of goods or services or both, taking into account discount or abatement, if any.Total value of supply of goods or services or both.

#Commercial invoice template quickbooks code

Quantity, in case of goods and unit or Unique Quantity Code thereof.HSN Code of goods or Accounting Code of services.Address and name of the recipient and the address of delivery, along with the name of state and its code, if such recipient is unregistered and where the value of taxable supply is Rs 50,000 or more.Name, address and GSTIN or UIN, if registered, of the recipient.

#Commercial invoice template quickbooks serial number

A consecutive serial number not exceeding 16 characters, in one or multiple series, containing letters or numerals or special characters (hyphen or dash and slash symbolised as “-” and “/” respectively) and any combination thereof, unique for a financial year.

Name, address and GSTIN of the supplier.

However, there are certain important components that form [part of such a tax invoice.Īll invoices issued by businesses under the GST should contain these 16 points: There is no specific prescribed format for a tax invoice. Therefore, it is mandatory for every registered person making taxable supplies to issue a tax invoice. This is because to claim credit under GST, the return for outward supplies of the supplier must match with the return for inward supplies of the recipient. The importance of tax invoice under GST has increased due to the invoice matching facility under such a tax regime.

price of each good sold or service rendered.

details of the supplier and the purchaser.

Such a document indicates the names of the parties involved as well as the details of goods or services supplied under a given transaction.

An invoice is a commercial document that a supplier of goods or services issues to the recipient in a given transaction.