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Ca invoice format for Accounting

hi everyone I am the vacant area I am a chartered accountant come come please victory and the currently embarrassing LLP I am a partner in a dagger what is it chatter the console if you have any queries you can mail me to hatch a dog be baked as jingle calm this is the English version of the video which I recorded in Hindi earlier this is tax invoice in jst let us begin the india state act annoy is extremely important why because on this on that basis of tax invoice the recipient will avail input acts credit so in case you're supplying goods how many copies you make issues a supplier of goods needs to issue three copies of the embodies the origin copy shall be for the recipient the duplicate copy shall be for the transporter and the triplicate copy is for your is for the supplier so let us first discuss what is the format of tax invoice immediately this is the format of act invoice in GST what it is you need to mention you need to mention your details of supplier details that is the name of your business address of your business GHC i am number of your business on the involvement is it must be mentioned that it is a tax invoice the origin is for the recipient duplicate is for the transporter and the duplicate is positive liar you need to mention whether this invoice is for reverse charge mechanism or not reverse side mechanism I will explain in detail in another video as of now I can just say that if you're purchasing goods from an unregistered person then you need to generate an invoice for yourself and that will be on reverse charge mechanism method so you need to mention whether this bill this invoices on reverse charge or not you need to mention the invoice number an important point four invoice number is that the involve numbers of the GST must be constituted consecutively in a number like one two three four five six so the series must be followed the involved date must be mentioned the state where the supply is situated supplier is situated must mention the state code must be mentioned then these are the details of the supplier now we'll talk about the details of the recipient we need to mention the name of the recipient address of the recipient state name of the recipient state code of the recipient vs cin of the that he pen in case the recipient is registered if suppose the recipient wants you to ship the goose to some other place that is the address of the recipient is different from the shipment address then you need to mention the shipment shipment address the place where you are shipping the goods also in the tax involved like in this case you have will have to mention the name where the goods are shipped name of the place name of the person address of the person name of the state state code GS ein of that place and transportation mode how are you transporting the goods vehicle number date of supply place of the design place of supplies again a separate concept which I will be discussing in detail in my next video after that you will understand how this tax invoice will have how this base of its supply will have implication and how how will you decide what place of supply must be mentioned in a tax invoice you will have to mention the serial number description of goods HSN code of the goods there is one point related to HSN code which I will be discussing after this format quantity rate amount that is count that you're offering taxable value pth-tt see GST see tha rate reduced amount SDHC SDXC rate and SBS amount idft ID EST rate and amount and the total first I will discuss the format then I will take up this example which have written total amount before tax then see GSA is CSC or IDs they as the case may be total amount after tax if zhe is payable on reverse charge that amount terms and conditions total invoice amount in words here you put the stamp of your business and the details of the author is the signature of the authorized signatory much dimension so this is the overall format I just zoom it out so that you can have a look at the format yeah you can see if you can pause this video at this and you can have a look at the tax invoice form and you need not note this down I will give you a link just below my video you will find a tab of the description there are there I will provide a link by clicking on that link you will be redirected to another window from where you can download this tax invoice format in Excel now let us take is discuss this example see in GST you will have to decide whether you are supplied intrastate or interstate what is the meaning of interest rate interest rate means suppose your sis you are situated in Telangana and you supplier I mean your recipient you are the supplier so your recipient is also situated in Telangana that is in the same state then you will have to charge CGS t ni s DST if you are sitting in Telangana and your supplier is any other stage like maharashtra then you will charge ids d in your tax invoice so this is a floor mat this is department the bottom it is common for whether it is ID EST or whether it is interest rates apply or inductive supply the format is common but the columns where you need to mention the tax details will differ which i will discuss now this in this example I am taking of it of example of an interstate supply where you can assume that you are situated in Telangana and you're supplying goods to any other state Ling are Astra and this video has been recorded by keeping in mind the textile sector so the example which I am taking is also of the textile industry that is suit length so let us begin see you have to write the description of the goods that is Suitland you will have to write the Hessian code of the this good you will have to mention the quantity the rate the amount if you are offering in a discount the discount must be mentioned the taxable value must be mentioned as this in this example I am saying that this is an interstate supply emile telling anonymous and supplying to the routes to the recipient in maharashtra so i will not mention anything here in these two columns because these are foreign rusted i mentioned the tax rate and the amount in idfc column the total will follow this is a simple format of interstate supply let us discuss if you are charging plate in your tax invoice then what will be the case rate is nothing but the transportation the transportation charges if the charging plate we are entering the amount of trade in Cesc I mean 90s your children mentioned amount so when you are charging Freight in the invoice how will you compute the tax rate applicable for place when you're supplying goods as well as or when you're having two things in connected to each other in the theming voice this will be a concept of composite supply and this computed supplies again a separate concept which I cannot discuss in this video in detail so I will discuss that in a separate video so as a to discuss it in a very short manner I will say that composite supply in this case this is an example of composite supply where the rate of rate will be taken the tax rate of rate will be taken that will be taken as the tax rate of its principal commodity principal supply so a principal supplied suit length so the rate of trade will be similar to the tax rate of the suit length so suit length suit fabrics have a tax radiation rate of 5% so print will also be charged at 5% so my question is taken as a rate of grade so the rate of freight in a composite supply will depend upon the prints this tax rate for the principles of life so at 6:30 and the rest will follow as the people suppose you're supplying interrupt state interest rate means you're situated in telangana and yes recipient is also situated in taganga then everything will be same the minor difference would be so this is an inverse of interest rates apply and you can see that in an intrastate everything is same the only differences digesta column is black because idft column will be filled up : case of interstate supply so no ICSD column is CGS in sdhd column will be filled and the rate of 5% will be divided 2.5% 2.5% for CDFG in 2.5% for SGS the total comes to 5% so the tax credit fee it's only the bifurcation same for the spread to 0.5% in 2.5% that's it the rest of the format remains the same then jack on remain the same only difference is about the column in which you will write the tax amount that's it so we have discussed the format of package let's go to some specific issues like when you will when will you have to enter the head certain details suppose the turnover is up to 1.5 crore then the address in code is not required to be mention on the tax invoice I repeat if your turnover is up to rupees 1.5 crore then you need not mention HSN coding the tax invoice if you are turnover is above 1.5 crores but below pipe growth you need to mention the first two digits of the HSN code that is the chapter number only those who have turn out above 5 crores you have to mention four digits of the HSN code for just for the sake of remembering can say that if they turn out is below 1.5 crores up to 1.5 pros then you need not mention that as an code there were many queries regarding whether now the situation practical situation is that you might have already issued the bills from April to June end and that series is following up now propers you like you will DFT was of the H was applicable so and we have seen the condition India today the condition that the bills or the tax inversions must be consecutively numbered so people would ask me whether they need to start a new series from July or can they continue the same series for example you have issued invoices from April to June suppose you have assured the 600 invoices so from July you need not start from again afresh like 1 2 3 4 you can start from 6 not one no problem but you must ensure that the period is continued so why this is important because when by filing returns you need to mention them clearly that in the month of July or in any address money I have issued invoices starting from 6 not one to 650 or six not one to 620 and these are the details of the invoices so these because number of invoices issue we'll be mentioned in the return so if you prepare the tax invoice properly your filing of returns will be easier if you don't prepare the tax invoice properly you will find a lot of time we will do a lot of time base while filing the return so that's it this is the video of tax invoice and if you like my video do do hit the like button just below the video if you find this video useful do share it with your other friends for in the same industry or in different versity we will find this video useful please share it to them subscribe to my channel on YouTube just below the video you will find a button in red which will be where it will be mentioned subscribe once you click on the subscribe button it will turn into great like this as you can see in this image before clicking on the subscribe button it will be red after clicking it will become gray showing that you have subscribed to it just beside this will find a bell icon if you hit the bell icon you will be notified whenever I upload other videos on GGC in future so you need not come and search on YouTube again directly whenever I upload new videos it will be directly given as a notification for you so that's it this is the bacon haria I hope this video is useful for you thank you so much for watching