What are the specific mandatory fields in an GST compliant invoice?
To issue and receive a GST compliant invoice is a prerequisite to claim Input Tax Credit (ITC). If a taxpayer does not issue such invoice his customer loses ITC claim and the taxpayer loses its customers.
Here we mention the mandatory fields in an invoice:
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Invoice number and date
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Customer name
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Shipping and billing address
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Customer and taxpayer’s GSTIN
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Place of supply
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HSN code
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Taxable value and discounts
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Rate and amount of taxes i.e. CGST/ SGST/ IGST
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Item details i.e. description, unit price, quantity