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Invoice Serial no. Resets to 0001 on 1st April 2018?

13 June 2017

Hi, we will get the invoice printed in the new GST format starting on 1st July'17 starting with serial no. 0001.

We can not predict the no. of invoices we will need from 1st Jul'17 till 31st March'18.

Does GST mandate we reset the invoice no. to 0001 on 1st Apr'18?

Best wishes,
Manish Gupta

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11 Replies

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1448 Points)
Replied 13 June 2017

There is no provison on which you are talking about.

It is your choice.

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CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 13 June 2017

As per GST Rules, the invoices should be consecutive serially numbered for a particular financial year. That means for every year series to be started afresh.

1 Like

Manish Gupta (12 Points)
Replied 13 June 2017

Hi Salon, thanks for the quick reply. Could you point me to the Rule no.? Thank you.

Vijeth A (accountant) (22 Points)
Replied 13 June 2017

Please share gst invoice formate...

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 13 June 2017

its provided to you in invoice rules

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Manish Gupta (12 Points)
Replied 13 June 2017

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 symbolised
as “-” and “/” respectively, and any combination thereof, unique for a financial year;
—-------------------------------------------------------
Above is the Invoice rule for Serial no.
It does not say anything series starting afresh every year.

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 13 June 2017

yep however it does says combinations unique for a financial year

1 Like

Manish Gupta (12 Points)
Replied 13 June 2017

Hi Neha, it only says "unique number for a financial year". I do not need to reset the serial no. in new financial year to make it unique.

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 13 June 2017

Ok, if you feel you can maintain a unique combination for a FY, you can go ahead, there is no restriction.

palash kataria (nil) (150 Points)
Replied 25 June 2017

Dear all,
We are planning to make one whatsapp group on GST updates.(Only GST related)
Request all you to join the same.
For joining please whatsapp me your no. 8446688128
Regards,
Palash kataria