Distribute Required Field Invoice For Free

Physical invoice copy is not mandatory if the invoice is created as per rule 48(4) of the CGST Rules and it has a Quick Response Code and an Invoice Reference Number embedded on it.

As per GST Notification No. 14/2020, the B2C QR Code is mandatory on invoices for taxpayers having AATO of Rs. 500 Cr. only.

If you decide to include your bank details on your invoices, it's important that you include enough information for your customers to set up their payments. At a minimum, you should include your sort code and account number, but it's usually a good idea to include the account holder's name as well.

invoice schema only mandates what will be reported in electronic format to IRP and to receive the corresponding signed einvoices from the IRP. While printing, QR code should also be printed, as it is one of the mandatory particulars under Rule 46 of CGST Rules.

For businesses with a certain turnover threshold, QR codes are mandatory on B2B invoices in some countries, such as India. Information about the invoice is contained in the QR code, including the GSTIN, invoice number, date, and other details relevant to the invoice.

Summary of Applicability of the QR code under GST- Here, the QR code would be generated by the Invoice Registration Portal itself. QR Code is applicable to the registered person having an aggregate turnover of more than INR 500 Crores.

Name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient. Name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is Rs.

Your business name, address and contact information. the business name and address of the customer you're invoicing. a clear description of what you're charging for. the date you provided the goods or services (which is also known as the supply date)

The accounts receivable business process flow is relatively straightforward. There are three main steps that the accounts receivable team will go through when chasing a payment: Send the invoice ? After work has been completed, an invoice will be sent to the customer immediately.

Whereas accounts payable represents money that your business owes to suppliers, accounts receivable represents money owed to your business by customers. In addition, accounts receivable is considered a current asset, whereas accounts payable is considered a current liability.