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.

[Snehal Kulkarni]

At every financial year, you have to declared the New Series of Numbers which you are going to use during the FY.

For examples for FY 2010-11, you are going to used 10000 No of Invoices, Then you may start as 00001/2010-11 to 10000/2010-11etc.

You cannt maintained the seperate series at each Month. It should be continuation with the series you are maintained.

You may maintained the different series for Home Consumption, Export, Jobwork etc. To maintain more than one Series, you have to seek the permission from the Jurisdictional Asst commissioner of Excise.

 

 

AI Summary

Invoice serial numbering must reset each financial year and separate monthly series are not permitted. Under Rule 4A taxpayers must declare a contiguous invoice number series for each financial year to be used during that year. Invoice numbers should continue within the declared annual series and not be reset each month. Separate parallel series may be maintained for different supply categories (for example home consumption, export, job work) only with prior permission from the jurisdictional assistant commissioner of excise.