Last updated: August 3rd, 2024 11:00 AM

How do I download a GST invoice?

The GST invoicing system is expected to reduce the burden of compliance on businesses as well as make the entire process more secure and transparent. By using the system, businesses can easily monitor their sales, track their inventory, and manage their taxes more efficiently. Furthermore, the system can help reduce the time taken to process invoices, leading to improved customer service. Learn about how to create and download a GST invoice in this article.

What is GST Invoice?

The GST invoice is a document issued by the seller to the buyer when a taxable supply of goods and services is made. It is an important document that records the details of a transaction and the amount of GST payable to the Government. The GST invoice must contain the following information:

• Seller’s name, address, GSTIN and other details
• Buyer’s name, address, GSTIN and other details
• Date of supply
• Details of the goods or services supplied
• Quantity, value and rate of GST applicable
• Total value of the transaction
• Amount of GST payable
• Signature of the supplier

GST invoice is an essential tool for businesses to keep track of their GST-related transactions and also to ensure compliance with the law. It helps to maintain transparency and accuracy in the accounting system. The GST invoice should be issued within 30 days of the supply of goods or services.

What is GST e-invoice?

GST e-invoicing is a revolutionary step taken by the Government of India to move towards a digitized form of taxation. GST e-invoicing is a system of electronic invoicing mandated by the Government of India to simplify and streamline the entire process of generating invoices.  Under the GST e-invoicing system, businesses are required to generate an e-invoice for every transaction, which is then sent to the GST Network (GSTN).  The GST e-invoicing system is aimed at curbing tax evasion and reducing business paperwork. It also makes it easier for companies to track transactions and keep records. As of October 2022, the system has been implemented for business-to-business B2B and B2C transactions with a turnover of over INR 10 Crore. 

How do I download a GST e-invoice?

Generating and downloading GST e-invoices is quite simple and can be done in a few easy steps.

1. Register on the GST Network: The first step is to register on the GST Network (GSTN) portal. This will enable businesses to generate GST e-invoices.
2. Get the GSTIN: The next step is to obtain a GST Identification Number (GSTIN) after registering with the GSTN portal.
3. Create Invoice Template: Businesses must create an invoice template on the GST portal. This template should include all the relevant information necessary for the invoice, such as the customer’s GSTIN, product/service details, etc.
4. Generate GST e-Invoice: The next step is to generate the GST e-invoice using the template. This can be done by completing the invoice form and entering the details of the products and services.
5. Generate QR Code: Once the GST e-invoice is generated, the next step is to create a QR code for the invoice. Customers should scan this QR code to make payments.
6. Send the GST e-Invoice: Finally, businesses should email the GST e-invoice to the customer. This will help ensure the customer has a digital copy of the invoice for future reference.

Learn more: How to download GST e-invoice from GST Portal?