An invoice or a Bill could be defined as a list of goods sent or services provided, along with the amount due for payment. GST compliant invoices can be made with Marg ERP 9+ Software.For all the businesses which are GST registered they need to provide GST-complaint invoices to their clients for sale of goods and/or services. All the GST registered vendors provide GST-compliant purchase invoices to you.

Mandatory fields under GST invoice

The GST invoice is issued to charge the tax and pass on the input tax credit. Some of the mandatory fields under GST invoice are

1. Invoice number and date
2. Customer name
3. Shipping and billing address
4. taxpayer’s GSTIN
5. Place of supply
6. HSN/ SAC code
7. Item details i.e. Quantity (number), unit (metre, kg etc.) and total value
8. The Taxable value and discounts
9. Rate and amount of taxes i.e. CGST/ SGST/ IGST
10. Whether GST is payable on reverse charge basis
11. Signature of the supplier

Time Limits to issue GST tax invoice

• As the user will tick the circle of ‘Through GSP API Interface’; some fields i.e. ‘Select your GSP, Username, Password, Re-enter Password’ will appear.
• The user will fill all these fields as per the requirement.http://dssoftweb.com/
• Then click on ‘Submit’ tab.

• The user will receive an ‘OTP’ on the registered mobile number.

• The user will fill that OTP and click on ‘Verify OTP’.

• A pop of message of ‘Account Created Successfully’ will appear.
• The user will click on ‘OK’.

• So, in this way the process of the portal will get completed.

PROCESS OF E-INVOICING IN MARG ERP SOFTWARE

• Go to GST >> GST Register & Returns.

• Click on ‘GSTR Settings’.

• • A ‘GSTR Settings’ window will appear with different fields.

• The user will go to ‘eInvoice HSN or Item Wise’ field. Select as per the requirement that whether the invoices which are required to be uploaded on eInvoice Portal should be uploaded HSN Wise or Item Wise. 

Suppose, select ‘Item Wise’.

• In ‘Remove Discount from Item’ field, if the user keeps a discount on an item then it sometimes creates an issue in discount which is being provided after applying tax at the time of uploading invoice due to which the user will not be able to successfully upload the invoice on e-Invoice Portal.

There is a specific time limit to issue GST tax invoices, revised bills, debit note and credit note. The due dates for issuing an invoice for goods in normal case is on or before date of removal of delivery. And in case of continuous supply of goods it is on or before the date of issue of account statement. The Time limit in case of normal services is within 30 days of supply of services