GST Invoicing
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Personalized accountant from SetupBizz for GST invoicing, GST returns filings and GST e-way bill.
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GST Invoicing
GST bill or a GST invoice is a list of goods sent or services provided including the amount that is due for payment. It includes all details of the goods sent or services provided like product name, description, quantity, details of the purchaser, details of the supplier, terms of sale, the price charged, etc.
GST Invoice Format
- Name, address, GSTIN of the supplier
- Date of insurance
- Description of goods or services
- Name, address, GSTIN of the recipient
- HSN Code
- Address of the delivery place
- Amount of the goods and services
- Rate of Tax (CGST, SGST, IGST)
- Discounts
- Whether the tax is payable on a reverse charge basis
- The signature or digital signature of the supplier
If the supplier is registered under the composition scheme, then he has to issue a Bill of Supply instead of a tax invoice.
Types of Invoices
- Bill of Supply
A bill of supply is like a GST invoice but a bill of supply does not have any tax amount because the
seller cannot charge GST to the buyer. - Aggregate Invoice
Aggregate or bulk invoice for the multiple invoices is generated if the value of multiple invoices is
less than Rs. 200 and the buyer is unregistered. - Debit Note
Whenever the value or tax charged in an invoice is less than what is actually payable/chargeable, the supplier must issue a debit note to the recipient. The details of such debit note must be declared in the return for the month during which such debit note has been issued. It should be issued within 30 days from the date of such price revision. - Credit note
Whenever the value or tax charged in an invoice is more than what is actually payable/chargeable or where the recipient has returned the goods, the supplier must issue a credit note to the recipient. Credit note is issued on or before 30th September of the next financial year or before filing the annual return of GST, whichever is earlier.
Standard Other Registrations or Licences We Provide
PAN Registration
A PAN or Permanent Account Number is an important document all taxpayers must possess, as mandated in the Income Tax Act of 1961.
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Trademark Registration
A trademark is a unique symbol or word(s) used to represent a business or its products. Once registered, that same symbol or series of words cannot be used by any other organisation, forever, as long as it remains in use and proper paperwork and fees are paid.
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Shops & Commercial Establishment Registration
Shop act registration is to be taken compulsorily to start business establishment. Details of personal employed are to be given on yearly basis.
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Professional Tax Registration
Professional Tax Registration is levied by Municipal Corporations of various states in India. People who carry the profession such as CA (Chartered Accountant), Lawyers, Doctors, Business Owners etc need to pay these taxes. The owner of a business is responsible to deduct professional tax from the salaries of its employees.
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Udyog Aadhar (MSME) Registration
MSME Registration helps you to receive payment on time from large companies as they have to pay MSME Vendor within 45 days. Plus, you get benefit at the time of taking a loan in form of concessional rate of interest.
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GST Registration
Any person or entity supplying goods or services in India above the aggregate turnover limit (INR 20L for Service and INR 40L for Goods) is mandatorily required to obtain GST registration. For certain businesses such as Interstate Supply, E-Commerce Operators registration under GST is mandatory irrespective of turnover limit.
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TAN Registration
The Tax Deduction and Collection Account Number (TAN) is required for people who are deducting or collecting tax at source. Anyone paying a salary or commission is required to get a TAN.
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FSSAI Registration
Every food business operator (FBO) involved in the manufacturing, processing, storage distribution and sale of food products must compulsorily obtain FSSAI Registration or License. FSSAI Registration is different from FSSAI License in the sense that depending on the size and nature of the business, FBO should obtain the necessary registration or license.
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