The 16 Essential Invoice Details
- Document Heading: Clearly titled "Tax Invoice", "Commercial Invoice", or "Bill of Supply".
- Supplier Business Details: Name, registered office address, phone number, and email.
3. Supplier GSTIN & PAN: 15-digit GSTIN and 10-digit PAN.
4. Unique Serial Number: Chronological invoice number up to 16 characters.
5. Invoice Date: Date of issuance.
6. Due Date / Payment Terms: Expected settlement date (e.g., Net 15, Net 30, Due on Receipt).
7. Customer Billing Details: Client entity name, contact person, and billing address.
8. Customer GSTIN: Crucial for B2B transactions to pass Input Tax Credit.
9. Place of Supply: State name and two-digit code (e.g., 27 - Maharashtra).
10. Itemized Description: Clear description of goods supplied or services rendered.
11. HSN/SAC Code: Classification code for each item.
12. Quantity and Unit: Quantity with standard units (PCS, NOS, KGS, HRS).
13. Unit Rate & Discounts: Gross rate per item and line-item discount.
14. Tax Breakdown: Segregated CGST, SGST, or IGST amounts with tax percentages.
15. Total in Figures & Words: Reduces ambiguity and prevents tampering.
16. Bank / Payment Details & Signature: Account number, IFSC code, UPI ID, and authorized signatory.
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