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

1-types-of-invoices-under-gst---tax-invoice-bill-of-supply.jpg

How will Tax be Charged on Bills

On Local Sales,CGST + SGST will be Charged

On Central Sales,IGST will be Charged

  Example

2-gst-invoice-in-case-of-local-sales-within-state-and-central-sales-outside-state---rate-12-percent.jpg

Similarly on Services, Also Same tax will  be charged

Example

3-gst-invoice-in-case-of-local-sales-within-state-and-central-sales-outside-state---rate-18-percent.jpg

 

Compulsory Items Required in Tax invoice in GST

View Answer

Sample Format of Tax Invoice in GST

 

TAX INVOICE ON GOODS LOCAL

4-tax-invoice-on-goods-local-gst.jpg

 

TAX INVOICE ON GOODS CENTRAL

  5-tax-invoice-on-goods-central-gst.jpg

Download in Excel Format

 

TAX INVOICE ON SERVICES LOCAL

Tax invoice.jpg

TAX INVOICE ON SERVICES CENTRAL

Abhay Service invoice format.jpg

Download in Excel Format

 

QUESTIONS

Can Cash Sales InvoIce Be issued without Mentioning Buyer Name?

View Answer

For Different Cash Sales during the day, Can One Bill to be issued or Separate?

View Answer

What is HSN Code of Item

View Answer

Is Mentioning HSN Code Compulsory on Invoice?

View Answer

How Many Copies of Invoice to be Issued?

View Answer
  1. Taxation for CA, CS, CMA Bcom M Com Exams May - June 2018
  2. GST for Exams
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .