Dear Mates,
I'm a new startup of proprietorship firm (Registered Under Service Tax / GST / Turnover 15 Lacs) and want to know is Serial Numbering on Invoice will be compulsory? like INV0001, INV0002, etc.
Because till now I was use to send based on customer's UID such as:
Customer UID: 785881
Invoice No.: INV/785881/1, etc.
So what can do? Because I'll get business if I use INV0001, etc. because then customer will be able to see I don't make business.
Looking for serious help. Thanks
Startup Queries GST Invoice Serial Numbering; Must Be Ascending, Max 16 Characters, UIDs Allowed as Prefix/Suffix A startup proprietor inquired about the necessity of serial numbering on GST invoices, expressing concern about using customer UID numbers in invoice numbers. Respondents confirmed that invoice serial numbers must be in ascending order and should not exceed 16 characters, but prefixes or suffixes like customer UID can be added. The main requirement is that the invoices comply with GST laws and do not lead to revenue loss. It was advised to start a new serial number series post-GST implementation. Multiple invoice series for different locations are permissible under GST rules, ensuring each invoice number remains unique within a financial year. (AI Summary)
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