GST implementation
Tax to be calculated in terms of GST, Invoice API and database to be modified.
The following are the contents of an invoice.
(1) name, address and GSTIN of the supplier;
(2)a consecutive serial number not exceeding sixteen characters, in one or multiple series,
containing alphabets or numerals or special characters hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(3)date of its issue;
(4)name, address and GSTIN or UIN, if registered, of the recipient;
(5)name and address of the recipient and the address of delivery, along with the name of State and its code,
(6)HSN code of goods or Accounting Code of services;
(7)description of goods or services;
(8)quantity in case of goods and unit or Unique Quantity Code thereof;
(9)total value of supply of goods or services or both;
(10)taxable value of supply of goods or services or both taking into account discount or
abatement, if any;
(11)rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
(12)amount of tax charged in respect of taxable goods or services (central tax, State tax,
integrated tax, Union territory tax or cess);
(13)place of supply along with the name of State, in case of a supply in the course of inter-State trade or commerce;
(14)address of delivery where the same is different from the place of supply;
(15)whether the tax is payable on reverse charge basis; and
(16)signature or digital signature of the supplier or his authorized representative
HSN Code is a code given by the excise authorities for each commodity. The list of commodities and their HSN codes is published by the Govt. The user is supposed to verify which HSN Code is applicable to his goods. A list of State codes is also published by the Govt. The HSN and State Code is meant to avoid confusion arising because of different spellings, for example, Gujrat and Gujrath.
THE GST is based on destination therefore each Invoice, Cash Memo, Delivery Note etc must mention the place from which delivery is given and the place of destination.
If the buyer is going to take credit for GST paid by him on purchases, then his GSTIN must be stated in the Invoice or Cash Memo, name is optional. If the buyer is consumer that is he is not going to take input credit then his GSTIN need not be mentioned in the Cash memo or invoice.
Product table to be edited with state code and HSN code
state table to be created
Legal-35.pdf