Clarification on invoice serial number

[saket s]

Dear Sir,

Need clarification on invoice serial number in GST. As per Invoice draft rule it says that we should have one unique series for one financial year. We have 3 warehouses in the same State following difference sequel of series at present and we want same to be continued in GST law also. Is it possible to continue this practice under GST regime?

Saket

[YAGAY and SUN]

This can be allowed but there is no specific provision in Model GST Law. It may be clarified when the final GST Law would come in force.

[Ganeshan Kalyani]

More clarity is awaited in this respect.

[DR.MARIAPPAN GOVINDARAJAN]

The GST Act and rules are come to a final shape. We have to wait till that time.

[KASTURI SETHI]

I support the views of all the three experts.

[saket s]

Thank you...

[Govind Gupta]

i think, you can continue your practice as laws mandates only consecutive serial number in one or multiple series

1. Tax invoice
Subject to rule 7, a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars:-
(a) name, address and GSTIN of the supplier;
(b) a consecutive serial number, 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;

regards

Govind

AI Summary

Consecutive invoice serial numbers may use one or multiple series, subject to final GST law clarification.
The tax invoice must include the supplier's name, address and GSTIN and a consecutive serial number, in one or multiple series, containing alphabets, numerals or the special characters hyphen and slash, unique for a financial year; Model Law guidance is limited and final enacted law may clarify permissibility of continuing existing multi warehouse numbering practices.