How to make GST Invoice | GST Invoicing Rules | GST Updates | 2025 (Hindi) #gst #startup #business

A tax invoice under GST is mandatory for service providers to claim input tax credit and comply with GST invoicing rules. Here’s a list of mandatory fields along with a brief description of each:

1. Heading:
The words 'Tax Invoice' followed by 'Original for Recipient' on buyer's copy and 'Duplicate for Supplier' on supplier's copy.

2. Invoice Number & Date:
- A unique serial number, maximum 16 characters, assigned to each invoice.
- The date when the invoice is issued.
- MSME registered suppliers should also mention the due date of payment under MSMED Act

3. Name, Address & GSTIN of Supplier i.e. You:
The legal name / trade name as per GST registration certificate, registered office address and GSTIN i.e. Goods and Services Tax Identification Number.

4. Name, Address & GSTIN/UIN of Recipient i.e. Your Client:
- If the recipient/client is registered under GST, their name, address and GSTIN must be mentioned. GSTIN is mandatory for passing of Input Tax Credit or ITC.
- If client is unregistered and taxable value exceeds ₹50,000, mention name, address and place of supply.

5. Description of Service:
A clear description of the services provided to the recipient/client.

6. HSN Code i.e. Harmonised System of Nomenclature:
- HSN code applicable to the service being provided, based on turnover criteria:
- Turnover up to ₹5 Crore - 4-digit HSN
- Turnover above ₹5 Crore - 6-digit HSN

7. Quantity, if applicable & Unit Price:
If applicable, the number of units and the per-unit rate of the service.

8. Total Value of Supply:
Apply the following method:
Total value of the services i.e. amount provided before GST.
Less: Trade discount
= Taxable Value
Add: GST @ tax rate
= Total Invoice Value

9. Rate & Amount of GST:
Breakdown of GST components applicable to the transaction:
- CGST & SGST for intra-state supplies
- GST for inter-state supplies
- UTGST, if applicable, for Union Territories

10. Place of Supply i.e. State & Code
Mandatory for determining GST applicability i.e. IGST vs. CGST/SGST

11. Reverse Charge Indicator:
If the recipient is liable to pay tax under reverse charge, it must be mentioned.

12. Signature or Digital Signature of Supplier:
A physical or digital signature of the supplier or their authorised representative.

Additional Fields:
1. E-invoice IRN & QR Code, if turnover exceeds ₹10 Cr, as per e-invoicing rules
2. Bank Details for payment
3. Terms & Conditions

Tip: MSME registered suppliers must mention their Udyam registration number on the invoice.

Corrigendum for Rectification of: 'Tax Invoice' followed by 'Original for Recipient' on buyer's copy and 'Duplicate for Supplier' on supplier's copy.

Narrated by: CA. Vidur K. Bindal, FCA

For Feedback:
Email: vidurbindal@gmail.com

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Disclaimer:
This video is solely for educational purposes and is not a professional advice of any nature. Please consult a CA or tax consultant for all matters related to Income-tax, GST, MSMED Act and other laws. Viewer discretion advised.

Видео How to make GST Invoice | GST Invoicing Rules | GST Updates | 2025 (Hindi) #gst #startup #business канала CA. Vidur Bindal (CA Talkies!)