GST Invoice (India) – Key Points you must know

By | October 5, 2016
(Last Updated On: March 26, 2017)

GST Invoice

Key Points about GST Invoice

  • Details in GST Invoice :-Supplier needs to mention following details in invoice if recipient is unregistered and taxable value of supply is Rs 50,000 or more:

➢ Name and address of recipient;

➢ Delivery address along with the name of State.

  • Place of Supply :- Every invoice should contain place of supply if supply is in course of inter-State trade or commerce.
  • No of Copies of GST Invoice :– Three copies of invoice should be prepared in case of goods and only two copies of invoice are needed in case of services.
    • (a) the original copy being marked as ORIGINAL FOR RECIPIENT;
    • (b) the duplicate copy being marked as DUPLICATE FOR TRANSPORTER; and
    • (c) the triplicate copy being marked as TRIPLICATE FOR SUPPLIER.
  • No Need for Duplicate copy by Transporter : Duplicate copy is not required to be carried by the transporter if the supplier has obtained an Invoice Reference Number from the Common Portal by uploading, on the said Portal, a tax invoice issued by him in FORM GST INV-1, and produce the same for verification by the proper officer as required under section 61 in lieu of the tax invoice.The Invoice Reference Number shall be valid for a period of 30 days from the date of uploading.
  • Time for Issue of GST Invoice :-In case of taxable supply of services, the invoice shall be issued within 30 days from date of supply of services. However, no time-period is specified for issuance of invoice in case of supply of goods.
    • in case of continuous supply of services, the invoice shall be issued within a period of thirty days from the date when each event specified in the contract, which requires the recipient to make any payment to the supplier of services, is completed
    • where the supplier of service is a banking company or a financial institution including a non-banking financial company, the period within which the invoice is to be issued shall be forty five days from the date of supply of service.
  • GST Invoice in case of Financial Institutions :- Where the supplier of taxable service is a banking company or a financial institution including a non-banking financial company, the said supplier shall issue a tax invoice or any other document in lieu thereof, by whatever name called, whether or not serially numbered, and whether or not containing the address of the recipient of taxable service but containing other information as prescribed under rule 1.
  • GST Invoice in case of Transporter :- Where the supplier of taxable service is a goods transport agency supplying services in relation to transportation of goods by road in a goods carriage, the said supplier shall issue a tax invoice or any other document in lieu thereof, by whatever name called, containing the gross weight of the consignment, name of the consignor and the consignee, registration number of goods carriage in which the goods are transported, details of goods transported, details of place of origin and destination, GSTIN of the person liable for paying tax whether as consignor, consignee or goods transport agency, and also contains other information as prescribed under rule 1.
  • GST Invoice in case of passenger transportation service :-Where the supplier of taxable service is supplying passenger transportation service, a tax invoice shall include ticket in any form, by whatever name called, and whether or not containing the address of the recipient of service but containing other information as prescribed under rule 1.

Download GST Invoice Format GST INV 1

Download GST Draft Invoice Rules released by CBEC

Download GST Draft Invoice formats Released by CBEC

Free Education Guide on Goods & Service Tax (GST)


SR No Topic -GST Resources
1 Model GST Law Model GST Law
2 GST Overview Goods and Services Tax (GST): An Overview
    Integrated Goods & Service Tax (IGST) Act Overview
    Meaning and Scope of Supply
    Time of Supply
    Place of Supply of Goods and Service under GST
    Valuation in GST
    Levy of GST & Exemption from Tax
    Job Work under Goods & Service Tax (GST)
    Electronic Commerce under Goods & Service Tax (GST)
3 Transition to GST Transitional Provisions in Goods & Service Tax (GST)
4 Registration GST Registration FAQ’s
    GST Registration Process -Video
    GST -Draft Registration Rules
    GST -Draft Registration Formats
5 Invoice GST Draft Invoice Rules released by CBEC
    GST Draft Invoice formats Released by CBEC
6 Input Tax Credit Input Tax Credit under Goods & Service Tax (GST)
    Concept of Input Service Distributor in Goods & Service Tax (GST)
7 Payment GST Payment of Tax
    GST Draft Payment Rules Released by CBEC
    GST Draft Payment formats Released by CBEC
8 Refunds Refund under GST
    Draft GST Refund Forms released by CBEC
    Draft GST Refund Rules released by Govt
9 Returns Returns Process and matching of Input Tax Credit under GST
    Draft GST Return Rules Released by Govt
    Draft GST Return Formats released by Govt
10 Assessment and Audit Assessment and Audit under GST
11 Inspection, Search, Seizure and Arrest Inspection, Search, Seizure and Arrest under GST
12 Offences, Penalty, Prosecution & Compounding Offences, Penalty, Prosecution & Compounding in GST
13 Demands and Recovery Demands and Recovery under GST
14 Appeals and Review Appeals, Review and Revision in GST
15 Advance Ruling Advance Ruling in Goods and Service Tax (GST)
16 Settlement Commission Settlement Commission in Goods and Service Tax (GST)
17 GST Portal Frontend Business Process on GST Portal
Direct Taxes Ready Reckoner Service Tax Ready Reckoner Company Law Ready Reckoner tax deduction at source
New Books Released on Tax , GST and law

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