Discover the Igst Invoice Format for Hospitality Made Simple

Igst invoice format for Hospitality

hi guys welcome to PG allinone from today onwards that is from 1st July 2017 GST has been implemented all over India so in today's video we will learn how to draft invoice with GST so as usual the invoice will contain regular detail like your company name address invoice number date and by name additional things will be the most important is GST number that is GST before when the whole tax was in effect your tax identification number was your tax registration number so same like your GST registration number will be your tax identification number without which you will not be able to take tax input credit it must be shared with your supplier as well as seller with the help of GST ion number the supplier May able to take that input Credit in their account so you have to divide the bill into two part one side you have to put bu detail like address contact detail and most important is your GST number and on other side you have to put detail of Transportation of good and its delivery as shown in format now the main body of the invoice is as regular as you have to make one column for serial number one for particular or description of goods or services then that s HSN or S code next to that will be your quantity and rate of goods or rate of services as usual then discount column then column for total after total amount after discount now you have to make three separate major column for Center GST State GST and Interstate integrated GST that is interstate so under this major head make two separate column rate and amount and last you have to make total amount with tax in above we are going to going vertical now it's time to go horizontal make one row with total all column below that at right hand side right Bill am inward below that you will be your company's term and condition next with that your company's stamp or sale after and at left hand side make three separate Row for adding cgst sgst or for adding I GST and last for total tax amount with GST we have to make we have to show the summary of breakup of tax at the end of the bill as usually done at the bottom on the right hand side make a box for signature of authorized who is authorized to sign the invoice and your invoice is complete now let's learn how to put tax rate and how you will be liable to calculate just on sale please note that export sale won't be taxable under GST so C GST mean for Central GST sgst is for State GST and I GST is for both state and centrer that is interr GST if your sale is within the state then your tax rate will be divided into two parts that is cgst and sgst this rate should be worked out on basic amount if sale is outside State then your tax rate will be divided into two part you have to directly apply for cgst at at full rate so hope this will help you in creating invoice using Excel file so you can check description for sample file which is attach in description the link to download so thank you guys for watching please hit like button and subscribe PG all in thank you guys