What Makes an Invoice Legally Compliant?
Under Rule 46 of the CGST Rules, a valid tax invoice must contain 16 mandatory fields. Missing any of these details can cause your client to lose their Input Tax Credit (ITC) claim:
- Supplier Name, Address, and GSTIN.
- Consecutive Invoice Serial Number (unique for the financial year).
- Date of Issue.
- Recipient Name, Address, and GSTIN (for registered buyers).
- HSN Code of goods or SAC Code for services.
- Description of goods/services, quantity, unit rate, and total taxable value.
- Separate rate and amount of CGST, SGST, or IGST.
- Place of Supply with State Name and Code.
- Signature or Digital Authenticator.
How to Create Invoices with Tools24Now
- Open the Invoice Generator.
- Enter your business name, logo, address, and GSTIN.
- Add client billing information.
- Add line items: set item descriptions, SAC/HSN codes, quantity, and unit prices.
- Watch the system automatically compute tax splits and total invoice balances.
- Click Download PDF Invoice or print directly.