Invoice Template India
Invoice Template India: Simple and GST-Compliant Format for Businesses
In this post, we will discuss everything you need to know about a GST tax invoice in India. We will cover who should issue it, why it is important, and the key details that must be included to make it valid and legally compliant.
A tax invoice includes information about the seller and buyer, the goods or services sold, their prices, and the taxes charged. It makes everything clear and helps in calculating taxes correctly.
Let’s look at these them in detail:
Who Should Prepare a Tax Invoice?
Any business registered under GST must give a tax invoice when selling goods or services. Without this invoice, you cannot legally charge or collect GST from the customer.
Mandatory Fields in a Tax Invoice
To be valid, a tax invoice in India must include the following information as per the rules:
- Supplier Details: Name, address, and GSTIN of the business issuing the invoice.
- Invoice Number: A unique serial number to identify the invoice.
- Date of Issue: The day the invoice is created.
- Type of Invoice: Whether it is a regular invoice, debit note, or credit note.
- Customer Details: Name, address, and GSTIN of the recipient, if registered.
- Shipping and Billing Address: Addresses where the goods are delivered and the invoice is sent.
- Goods or Services Information: Description, quantity, and price of each product or service.
- HSN or SAC Code: Harmonized System of Nomenclature for goods or Service Accounting Code for services.
- Tax Details: Rates and amounts of CGST, SGST, IGST, or UTGST as applicable.
- Total Tax and Discounts: Total tax payable and any discounts applied.
- Reverse Charge: Mention if the reverse charge mechanism is applicable.
- Authorisation: Signature or digital approval from the supplier.
Invoice Template in PDF Format
Invoice Template in Excel Format
Invoice Template in Word Format
This brings us to the end of the post. If you have any questions or suggestions, please write them in the comment section below. We will be glad to help!
