GST invoices manually
GST invoices manually, For businesses with a turnover of up to Rs. 1.5 crores in a financial year, GST invoices can be issued manually. 1.5 crores in a financial year, GST invoice can be issued manually. Here are the steps to issue a manual GST invoices:
Create an invoice format that includes al the necessary details required for a GST invoice, such as the supplier’s and buyer’s name and address, their GSTIN, description of goods or services, HSN or SAC code, tax rate, tax amount, and total payable amount.
Ensure that the invoice has a unique invoice number and date of issue.
Calculate the GST payable on the transaction by multiplying the taxable value by the applicable GST rate.
Add the GST amount to the taxable value to determine the total amount payable.
Print out the invoice and provide it to the buyer.
Remember to maintain proper records of all manually issued GST invoice for future reference. It is advisable to transition to electronic invoicing through the GST portal, even if your turnover is below the threshold, to benefit from the convenience and accuracy offered by the system.
For more information, visit this site: https://www.gst.gov.in/
