- ICAI released the Handbook on Invoicing under GST, June 2025 edition
- Types of GST documents include Tax Invoice, Bill of Supply, Invoice-cum-Bill of Supply, Debit/Credit Notes, Receipt Vouchers, Refund Vouchers, Payment Vouchers, Delivery Challans, and Self-Invoices
- Tax invoices must include details like GSTIN, invoice number, date, description, HSN code, taxable value, tax rates, place of supply, and signature
- Goods invoices issued at or before removal/delivery; services invoices within 30 or 45 days based on service category
- Proper invoices are required for claiming ITC; missing details can lead to denial and penalties
- E-invoicing mandatory for taxpayers with turnover over ₹5 crores from August 2023, with digital registration and unique IRN and QR code
- Non-compliance results in penalties and prosecution; invoices must be retained for 72 months from annual return due date, longer if involved in appeals or audits
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
