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First of all You need to know that these are the Compulsory Items Required in Tax invoice in GST. Compulsory Items Required in Tax invoice in GST 1 Name, Address,GSTIN No of Supplier 2 Unique Serial Number of Each Invoice in one or multiple series (Can have Dash -orSlash /.But it should be different series for each year 3 Date of Issue of Invoice 4 Name , Address ,GSTIN of Supplier If Registered 5 In Case of Unregistered Buyer, Name, Address, State, Place of Delivery is compulsorily required if Invoice Value before taxes is more than 50000 6 HSN Code of Goods 7 Description of Goods 8 Quantity as well as Quantity Code or Units 9 Total Value 10 Discount if any and Taxable Value (Total Value-Discount) 11 Rate of Tax (Separately show CGST, SGST, without IGST, UTGST, Cess if any) 12 Place of Supply (It is required For Interstate Sales) 13 Address for Delivery 14 Whether Tax is Payable Under Reverse Charge 15 Signature/Digital Signature of Authorized Signatory Here i

In our example, when the wholesaler buys from the manu- Actual Liability facturer, he pays a 10% tax on his cost price because the liability has been passed on to him. Then he adds value of INR 40 on his cost price of INR 100 and this brings up his cost to INR 140. Now he has to pay 10% of this price to the government as tax. But he has already paid one tax to the manufacturer. So this time what he does is, instead of paying INR (10% of 140=) 14 to the government as tax, he subtracts the amount he has paid already. So he deducts the INR 10 he paid on his purchase from his new liability of INR 14, and pays only INR 4 to the government. So the INR 10 becomes his input credit. When he pays INR 4 to the government, he can pass on its liability to the retailer. So, the retailer pays INR (140+14=) 154 to him to buy the shirt. At the next stage, the retailer adds value of INR 30 to his cost price and has to pay a 10% tax on it to the government. When he adds value, his price

CA  VIPIN 1.Automate reconciliations 2.Expedite action items 3.Automate Input Tax Credit Management 4.Avoid human errors 5.Simple integration with existing systems 6.Simplify GST for your team 7.Secure, with 100% UP TIME

www.cavipin.blogspot.com GST Guidebook GST is a huge reform for indirect taxation in India, the likes of which the country has not seen post Independence. GST will simplify indirect taxation, reduce complexities, and remove the cascading effect. Experts believe that it will have a huge impact on businesses both big and small, and change the way the economy functions. This ebook will help you understand the basics of GST, important terminologies and concepts, and how this might affect your business in the long run. Students of finance, business professionals, entrepreneurs, tax practitioners and accountants will find this e-book comprehensive and helpful in understanding GST. GST in INDIA - A Comprehensive Guide Book

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DSC Digital Signature   Digital signatures  are based on public key cryptography, also known as asymmetric cryptography. ... The private key is then used to encrypt the hash. The encrypted hash -- along with other  information , such as the hashing algorithm -- is the  digital signature . Nov 19, 2014