February 25, 2023

GST DAY 1: Have You Checked Your Bills Today?

Goods and Services Tax (GST) was introduced in India on July 1, 2017 as a new taxation system, replacing the old tax regime. As we approach the third anniversary of GST, it's time to take a closer look at invoicing under GST and the solutions everyone can use.

Day 1 of GST: A Brief Recap

The day GST was introduced was a historic day for India's economy. For the first time, there was a single national taxation system that replaced the earlier complex and confusing system. The GST Council introduced a simplified tax structure with four tax slabs, i.e., 5%, 12%, 18%, and 28%. The government promised that GST would simplify the tax system, reduce tax evasion and bring greater transparency in the taxation system.

However, the implementation of GST was not without problems. The GST Network (GSTN), the IT backbone of GST, had to deal with technical glitches, which made invoicing under GST challenging for businesses. Initially, many businesses struggled to understand the new invoicing requirements and faced difficulties in generating e-way bills, filing returns, and availing input tax credit. But, over time, businesses started adapting to the new GST regime, and the GST Council took several measures to simplify the invoicing process.

Invoicing under GST: What You Need to Know

Under the GST regime, all businesses must issue a valid tax invoice for the sale of goods or services. The invoice must contain specific details such as the name, address, and GSTIN of the supplier and the recipient, the date of the invoice, the HSN or SAC code, and the tax amount. The invoice must also indicate the applicable tax rate and the amount of tax charged.

Businesses must generate e-way bills for the movement of goods worth more than Rs. 50,000. The e-way bill contains details such as the name and address of the consignor and consignee, the HSN code of goods, the quantity, and value of goods, and the vehicle number. The e-way bill can be generated through the GSTN portal, a mobile app, or through SMS.

Solutions for Invoicing under GST

The GST Council has taken several measures to simplify the invoicing process for businesses. Here are some solutions that everyone can use:

1. GST Invoice Generator Tools

Several online tools are available that can help businesses generate GST-compliant invoices easily. These tools allow you to enter the necessary details and generate an invoice in a matter of minutes.

2. GST Accounting Software

Businesses can use GST accounting software to automate the invoicing process. These software programs allow you to create, send, and manage invoices, generate e-way bills, and file GST returns easily.

3. Outsource Your Invoicing

Small businesses can outsource their invoicing to a bookkeeping or accounting service. These services can handle all your invoicing needs, generate e-way bills, and file your GST returns on your behalf.


Invoicing under GST can be challenging, but with the right tools and solutions, businesses can simplify the process and comply with GST regulations. The GST Council has taken several measures to simplify the invoicing process, and businesses should take advantage of these solutions to streamline their invoicing process. By staying compliant with GST regulations, businesses can avoid penalties and focus on growing their business.


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