Hi Members
Please clarify me in the below question.
GST rule 46 implies that with the start of new financial year 2019-20 a new invoice series, unique for the financial year is to be started by the GST taxpayers.
So if some business has invoice series in 2018-19, say from 1 to 1000, then it can start new series from invoice no. 1 again wef 1.4.2019 or it can continue with 1001.
So it is better to start with 1001 and not with 1 again in 2019-20.
Dear harshit,
Please make more clear that Invoice series Issue.
Do you want to say, we shall not issue invoice of same series/no. which is of previous year.
For Say 1 to 1000 no. had been issued by One party in Financial Year 2018-19. For Financial year 2019-20, we have to differentiate the series by quoting 2019-20( for say) or we can start again simply 1 to next bill series?
Further If we have to change by quoting 2019-20 then
My question is:-
A party has issued invoices having same series as previous year for Whole april month, Now what should they do to correct it?
Please reply as soon as possible.
My question is:-
A party has issued invoices having same series as previous year for Whole april month, Now what should they do to correct it?
- Correct way is changes will be needed in all invoice numbers and its issued to Your all customers. It's the advisable way...
CAclubindia
