Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

invoice number

Pawan Kumar Jain (27 Points)

02 April 2018

Sir,
can I continue serial number of invoice for current year or start with 001.
thanks

Reply
Follow
Share

18 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 02 April 2018

START A NEW SERIES OF BILL NUMBER FOR NEW FINANCIAL YEAR IS MUST !!

SO START A NEW SERIES FOR F/Y 2018-19

Upgrade to CAclubindia Pro. Subscribe Now!

Pawan Kumar Jain (27 Points)
Replied 02 April 2018

thank you sir

Gurjeet (Accounts) (107 Points)
Replied 03 April 2018

Sir, in last financial year we issue sales Invoices from 001 are we again start in next financial year from 001 pls guide me THANKS

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 April 2018

U CAN START AS 001/2018-19

Rahul Prajapati (Student) (2282 Points)
Replied 03 April 2018

Originally posted by : Gurjeet
	Sir, in last financial year we issue sales Invoices from 001 are we again start in next financial year from 001 pls guide me THANKS

I Think it is better to use some Prefix or Suffix with 001 for avoidance of Homogeneity in Invoices

For e.g; 001/2018-19

Upgrade to CAclubindia Pro. Subscribe Now!

Gurjeet (Accounts) (107 Points)
Replied 03 April 2018

if we start only from 1 then what's the problem with gst act...

Rahul Prajapati (Student) (2282 Points)
Replied 03 April 2018

Originally posted by : Gurjeet
	if we start only from 1 then what's the problem with gst act...

As Per My View It Seems No Problem

1 Like

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 April 2018

Originally posted by : Gurjeet
	if we start only from 1 then what's the problem with gst act...

so what is the problem to attach 2018-19

Gurjeet (Accounts) (107 Points)
Replied 03 April 2018

I agree with Rahul ji there is no problem if start from 1 then why attached prefix or suffix....

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 03 April 2018

I think you should start form 1 , However you just go through other details in CGST rules 2017 , Chapter VI rule 46 .

Upgrade to CAclubindia Pro. Subscribe Now!

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 03 April 2018

Start form SR.no 1 , However for other details you just go through CGST rules 2017 chapter VI , rule 46

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 April 2018

AS PER RULE 46

a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolized as “-” and “/” respectively, and any combination thereof, unique for a financial year;

SO THE SERIAL NUMBER 001 U USED FOR 2017-18

SO USE DIFFERENT FOR THE F/Y 2018-19 LIKE 001/2018-19 OR 001/NVM OR 0001_NVM ETC