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Can I make sales under GST without issuing an invoice?
Last updated on April 22nd, 2021
Any business registered under GST must issue an invoice when it sells goods or services to its customers. Depending on the nature of registration and the nature of supply, the business should issue a sales invoice, bill of supply, credit note or debit note.
Sometimes the goods are moved from one place to another but actual sale is not taking place. In those cases, the seller should issue a delivery challan.
As per the law, it is mandatory to have the GST number on the invoice. If the GSTIN isn’t there, a seller shall not be eligible to charge GST from the customers.
How many types of GST Invoices are there?
There are 8 types of GST Invoices, which are as follows: – Delivery Challan – Tax Invoice – Bill of Supply – Receipt Voucher – Refund Voucher – Payment Voucher – ISD Invoice – Debit Note and Credit Note.
Can an invoice be Cancelled?
Ideally, one should not cancel their invoice. However, in case it has been deleted and the invoice is needed to be rescinded or amended, a credit note will usually do the job.