INVOICE NUMBER FOR NEW FINANCIAL YEAR

[Nihal Shaikh]

Dear Sir,

it is mandatory to start new number series of invoice for every financial year?

OR we can carry forward old series.? Please suggest

AI Summary

Invoice number uniqueness required: identifiers must be unique each financial year, though continuing a series is permissible if unique.
Invoice serial numbers must be unique for a financial year. The rule requires a consecutive serial number using permitted characters and uniqueness within the financial year; continuation of an existing series is permissible if uniqueness is ensured, though starting a new series each year is administratively preferable for recordkeeping and audit.