GST Tax Invoice Checklist: All You Need to Know

An invoice is simply a commercial instrument issued to a buyer by the seller. The invoice provides information of both trading parties, quantities of items sold, the date of shipment, the mode of transport, prices & discounts (if any) and the terms of payment & delivery. Among all other invoices, the GST tax invoice plays a very crucial role. Hence, let’s understand what is a tax invoice in GST and how can a GST checklist help. A] What is a GST Tax Invoice? An invoice under the GST regime refers to the tax invoice in section 31 of the CGST Act issued in the year 2017. According to this, it is mandatory to issue an invoice or a bill of […]