{"id":227,"date":"2019-04-02T09:54:22","date_gmt":"2019-04-02T09:54:22","guid":{"rendered":"https:\/\/www.smartadmin.co.in\/blog\/?p=227"},"modified":"2020-04-14T13:47:18","modified_gmt":"2020-04-14T13:47:18","slug":"how-to-create-gst-billing-for-small-business-using-easy-software-tools","status":"publish","type":"post","link":"https:\/\/www.smartadmin.co.in\/news\/how-to-create-gst-billing-for-small-business-using-easy-software-tools\/","title":{"rendered":"How to Create GST Billing for Small Business Using Easy Software Tools"},"content":{"rendered":"

Goods and Services Tax (GST) is an\u00a0indirect tax<\/a> levied\u00a0on the supply of goods and services.\u00a0 The tax GST exists in multiple countries. and since 2018 the GST tax term associated with India also.\u00a0 GST is levied at every step in the production process, and it is intended to refund to all parties in the various stages of production to avoid the cascading effects of tax.\u00a0 The ultimate tax is to be to be borne by the final consumer.<\/p>\n

While introducing GST in India, Goods and services were divided into five tax slabs for collection of tax.\u00a0 The rates were fixed as 0%, 5%, 12%, 18% and 28%.<\/p>\n

An invoice<\/a> or a bill is a list of goods sent or services provided, along with the amount due for payment.\u00a0 Tax invoice is generally issued to charge the tax and pass on the\u00a0input tax credit<\/a> to the beneficiaries.<\/p>\n

GST invoice\u00a0is a document which is supposed to contain all the relevant details of a business transaction and both the parties involved.\u00a0 As per rules, only GST registered business needs\u00a0to provide GST complaint invoices on account of sale of goods and services.\u00a0 The mandatory fields of Tax Invoice Format are<\/strong><\/p>\n