![]() Rules To Follow When Creating a GST Invoice When supply is made outside the country, an Export Invoice is issued. ![]() The product is liable for the collection of 5% IGST has to be deducted on the taxable value. The business needs to collect IGST on this invoice.Įxample: Goods sold by a business registered in Gujarat State to another business in Maharashtra State. When a supply takes place between two different states the business needs to issue an Inter-state invoice. The product is liable for the collection of 5% GST, then 2.5 % CGST and 2.5% SGST has to be deducted on the taxable value. The issuer of the invoice has to collect CGST and SGST on this invoice.Įxample: Goods sold by a business registered in Gujarat State to another business in Gujarat State. GST Invoice Format for Retailers/Composition Dealers – Bill Of Supplyĭepending on the nature of the supply you can define 3 types of invoices:Ī business has to issue an Intra-state invoice when the supply is done within the state in which the business is registered.Rules To Follow When Creating a GST Invoice.
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