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invoice record

kiran (accountant) (430 Points)

27 June 2018

Duplicate copy of invoice keep in record mandatory under Gst act

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Vinod Babu (24191 Points)
Replied 27 June 2018

Raising Copies of Invoice

The GST Law requires businesses to keep copies of all of their invoices. The details of this are furnished below.

Invoices for Supply of Goods

The invoice must be prepared in triplicate. They will be clearly marked as:

Original Copy for the use of the recipient

Duplicate Copy for the use the transporter

Triplicate Copy for the use of the supplier

Invoices for Supply of Services

The invoice must be prepared in duplicate and clearly marked as:

Original Copy for the use of the recipient

Duplicate Copy for the use the supplier

Form GSTR-1 will contain the serial number of invoices issued during the tax period along with other details of purchases.

Registered persons selling exempted goods/services or paying GST under composition scheme will need to issue a separate bill of supply.

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Ravi SADhiyan (Practice) (4510 Points)
Replied 27 June 2018

Every registered person required to keep and maintain books of account or other records in accordance with the provisions of sub-section (1) of section 35 shall retain them until the expiry of seventy-two months from the due date of furnishing of annual return for the year pertaining to such accounts and records:

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