Posts

Mandatory Fields in a GST Tax Invoice in India — Without These Invoice Is Invalid

Image
A GST tax invoice is not just a bill — it is a legal document that proves the supply of goods and/or services under the Goods and Services Tax (GST) regime in India. It plays a crucial role in tax compliance, filing of returns, and claiming Input Tax Credit (ITC) . If any mandatory information is missing , the invoice can be treated as defective or invalid , leading to denial of ITC , penalties, and commercial disputes. After the major GST rate overhaul implemented from September 22, 2025 , the GST slabs of 12% and 28% were abolished and replaced with a simplified structure of 5% and 18% for most supplies, along with specific higher rates for luxury/sin goods. This article lists all the key fields that must be mentioned in a GST tax invoice according to the latest law. If these are not included, the invoice cannot be considered a valid tax invoice under GST. 1. Document Title — “TAX INVOICE” Every GST invoice must clearly carry the title “TAX INVOICE” at the top. Without ...
Post a Comment
Read more

E-Invoicing Under GST: Meaning, Applicability, Process, Benefits & Latest Rules

Image
  E-Invoicing under GST is one of the most important compliance reforms introduced by the Government of India to improve transparency, reduce fake billing, and ensure smooth GST reporting. Over the years, e-invoicing has become mandatory for a large number of taxpayers and is now a key part of GST compliance for businesses. In this article, we will understand what e-invoicing is , who is required to generate it , the step-by-step process , latest legal provisions , and its impact on GST return filing. What is E-Invoicing Under GST? E-Invoicing (Electronic Invoicing) under GST refers to the system where specified taxpayers are required to upload their invoice details on the Invoice Registration Portal (IRP) and obtain a unique reference number called the Invoice Reference Number (IRN) . Once the invoice is uploaded on the IRP: The invoice gets authenticated A QR Code is generated An IRN (Invoice Reference Number) is issued The invoice becomes valid as per GST...
Post a Comment
Read more

Reverse Charge Mechanism (RCM) Under GST – Complete Updated Guide

Image
GST has simplified India’s indirect tax system, but at the same time it has introduced certain special provisions to ensure proper tax collection. One such important provision is the Reverse Charge Mechanism (RCM) . In many cases under GST, the supplier collects GST from the customer and deposits it to the Government. However, in some specified transactions, GST liability shifts from the supplier to the recipient. This is called the Reverse Charge Mechanism (RCM) . This blog explains the meaning, applicability, provisions, compliance requirements, and practical impact of RCM under GST in a clear and updated manner. What is Reverse Charge Mechanism (RCM) Under GST? The Reverse Charge Mechanism (RCM) means a system where the recipient of goods or services is liable to pay GST directly to the Government instead of the supplier. In simple words: ·        Under normal GST → Supplier pays GST ·        Under RCM → R...
Post a Comment
Read more

HSN and SAC under GST: Meaning, Use and Importance Explained

Image
In the GST system, every product and every service must be properly identified for taxation and reporting. To make this process easy and uniform, the Government uses special classification codes known as HSN and SAC . These codes are very important for businesses because they help in preparing correct invoices, filing GST returns, and avoiding tax mistakes. Let us understand the meaning, use, and importance of HSN and SAC under GST in simple English. What is HSN under GST? HSN stands for Harmonised System of Nomenclature . It is a globally accepted coding system used for classifying goods (products). This system was introduced to create a standard way of identifying goods across different countries. Under GST, every item such as food products, machinery, electronics, clothing, furniture, etc. is assigned a specific HSN code. Example Rice has a different HSN code Cement has a different HSN code Mobile phones have a different HSN code This he...
Post a Comment
Read more