This is a general overview, not tax advice. Rules, limits and rates change, so check the current rules or ask a chartered accountant for your situation.
Do you need to register?
GST registration depends mainly on your yearly turnover and the kind of business, with different thresholds for goods and for services and for some states. Selling across state lines or through certain online platforms can also require registration. Check the current thresholds on the official GST portal.
What a tax invoice usually shows
- Your business name, address and GSTIN
- An invoice number and date
- The customer's name and address (and GSTIN for business customers)
- A description of the goods or services and quantity
- The value, the tax rate and the tax amount
- The total
Prices and tax
Say clearly whether a price includes GST or is plus GST, so customers are not surprised at checkout.
Keep records
Keep invoices, purchase bills and payment records in order. It makes filing returns far easier.
Use software
Invoicing software numbers invoices correctly, calculates tax and gives your accountant clean data.
When in doubt, ask
A short chat with your accountant costs less than a penalty.
Our custom admin tools can include invoicing and quotation, built to your rules.
