As per rule 46(b) of the cgst rules, 2017, a new bill book is to be maintained

Hi,

Today I have received an email from our CA, as below,

As per Rule 46(b) of the CGST Rules, 2017, a New Bill Book is to be maintained(/ new serial number to be started) for every new Financial Year. ๐Ÿ‘‰ Today i.e. 01/04/2019 is the beginning of New Financial Year 2019-2020 Hence, the organization has to comply with the above mentioned rule. ๐Ÿ‘‰ Please note - This bill book has to be unique (using mixture of alphabets, numbers, hyphen, etc.) and consecutively numbered. The maximum digits allowed are 16 (including Special Characters).

๐Ÿ’ Example of unique series - 2019-20/01 19-20/01 UP/19-20/01 MS/2019/01 TI/1920/01 001/19-20 Etc.

Kindly consider the same for the Invoices to be raised from today onwards....

Why we can not continue the same Tax invoice number, which is UNIQUE and Continues. if its mandatory then where it is mentioned ?

Can someone help me with the above query.

 

Thanks

Imtiaz

Replies (4)

Not necessary.

Serial number should be unique for a financial year.

If you use series like 2018-19/XXX, then it is advisable to start a fresh series for the new financial year.

If there is no prefix, representing a particular financial year, then you may continue the same series further.

Yes... I agreed to Mr Deepak Gupta's view.

Thanks a lot Deepak, 

I have one query, if some companies follow financial year from January to December and they also follow the invoice series number 01 from January. In this case what they do? Please guide.

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