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New series in invoice means what?

Mohd Nadeem (130 Points)

29 March 2019

Respected,

can anyone help anx explain in short whats new series in invoicing under GST?

Thanks you
Nadeem

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5 Replies

Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 29 March 2019

For e.g. in Financial year your invoicing series was 1,2,3..
then in new financial year you will start new series from 1.4.19 which can be following:
01/19-20
02/19-20
03/19-20
....

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 30 March 2019

Yes... This is mandatory.

In GST era we don't use same serial numbers in invoice. So, it's required different serials / sequence...

Ex :
in case we use serial in FY 17-18 as 01, 02, 03, 04... then we don't use the same 01,02,03,04.... in FY 18-19.
But, we can use any prefix or suffix serials as Your convenience... like

GST/01, GST/02, GST/03.... or
INV/01, INV/02, INV/03.... or any

But, Better to use FY in the series...