INVOICE NUMBER FOR NEW FINANCIAL YEAR

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..... Dear Sir, it is mandatory to start new number series of invoice for every financial year? OR we can carry forward old series.? Please suggest - Reply By Amit Kumar - The Reply = AllIndiaITR is the one stop for all your tax troubles. We understand how confusing it can be for the common man to file ITR, Tax Filing, Efile Income Tax not to forget the time spent in looking for meanings of income t .....

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..... ax related terms. - Reply By KASTURI SETHI - The Reply = As per Rule 46(b) of CHST Rules, 2017 , Serial numbers of invoice book should be unique every financial year. It should be distinguished from the previous year. It is better to start a new series of invoice every financial year as it is convenient for maintaining record and audit purpose. Unique means with a difference. It should be di .....

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..... fferent from the previous year. - Reply By Ganeshan Kalyani - The Reply = Rule 46(b) of CGST Rules, 2007 states as a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special charactershyphen or dash and slash symbolised as - and / respectively, and any combination thereof, unique for a financial year; The abo .....

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..... ve rule states that invoice number should be unique for each financial year. It does not mean that one has to start invoicing with new series. One has to ensure that the invoice number is unique. You may continue with the same series or to have a better control it is advisable to start with new series. Thanks. - Reply By YAGAY AND SUN - The Reply = Already replied by experts. - INVOICE NUMBER .....

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..... FOR NEW FINANCIAL YEAR - Query Started By: - Nihal Shaikh Dated:- 5-4-2018 Other Topics - Got 4 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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