Serial Number of Invoice

[Sanjeev Sharma]

According to Rule 4A an invoice/bill shall be serially numbered. (a) Does it mean that serial number in a financial year should be in continuation of serial number of last year or serial number should commence from 1st April for each financial . (b) whether seperate series for each month can be used.

AI Summary

Invoice Serial Numbers Must Restart Each Financial Year Under Rule 4A; Monthly Series Not Allowed Without Permission A user inquired about the serial numbering of invoices under Rule 4A, specifically whether the numbering should continue from the previous financial year or restart each year, and if separate monthly series are permissible. The response clarified that a new series must be declared at the start of each financial year, such as starting from 00001 for FY 2010-11. Separate monthly series are not allowed; however, different series for purposes like home consumption or export can be maintained with permission from the Jurisdictional Assistant Commissioner of Excise.