Key Features of a GST-Compliant Invoice
To ensure your invoices comply with Indian regulations, they must include several mandatory fields for Goods and Services Tax (GST) purposes. A compliant invoice requires a unique invoice number and date, along with the legal name, address, and Goods and Services Tax Identification Number (GSTIN) of both the supplier and the recipient. The GSTIN is a 15-digit alphanumeric code crucial for tax identification. Furthermore, each item or service must be detailed with its Harmonized System of Nomenclature (HSN) code for goods or Service Accounting Code (SAC) for services, which are standardized classification codes. You must clearly state the taxable value of goods or services, the applicable GST rates (Central GST, State GST/Union Territory GST, or Integrated GST), and the total tax amount, ensuring accurate calculation of the final payable sum.