Serial no in invoice

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2017 Dear Experts.
Pls clarify How should be serial No.

as per GST serial No. Which should be unique for Every FY.

does that we have quote different serial No. in every FY.

also quote the some of the serial No. as example.....

Regds
Anuraag

CA S K MISHRA

CA S K MISHRA (Expert)
Follow

13 July 2017 In GST regime the supplier of Service or Goods is required to issue printed Tax invoice having Serial No, GSTIN of both vendor & buyer, HSN/SAC as the case may be, SGST, CGST & IGST rates in addition to other other common feature as is normally mentioned in any Invoice.

The significance of Sr. Invoice No. is more important in GST because GST follow matching principle.Whatever Invoice No. the vendor has shown in GSTR-1 (outward supply), the buyer has to mention the same invoice no. in GSTR-2(Inward supply) Return.

The Invoice No. could be anything like XYZ/2017/001, where XYZ is short name of Company, 2017 is year of Invoice & 001 is Sr No. of Invoice of Year 2017.

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2017 sir in your example of serial No. 2017 is to be used as calendar year or FY wise. assume the bill is to be issued on 4/1/2018 then what we will use whether XYZ/2017/001 or XYZ/2018/001

Upgrade to CAclubindia Pro. Subscribe Now!

CA S K MISHRA

CA S K MISHRA (Expert)
Follow

15 July 2017 For F.Y 2017-2018, you may use XYZ/2017/001 , but there is no hard & fast rule as such.