Bill Format

Here you will learn about Bill, Bill Format and its content.

Definition of Bill

If the customer owes some amount, a bill is a document that outlines that amount that is owed by the consumer for goods and services provided and received.

The bill is intended to serve as legal evidence for both the buyer and seller that the sale transaction took place.

Format of the Bill

There are two types of format -

  1. Tax on total - In this, tax is levied on the total amount.

  2. Tax on each quantity - In this, a tax is levied on each item.

Content of Bill

  1. Invoice Number

  2. Invoice Date

  3. Business Details

  4. Customer Details

  5. Description

  6. HSN/SAC Code

  7. Item Quantity

  8. Rate

  9. Discount on each item

  10. Terms & Conditions

  11. Grand Total

  12. Authorized Signature

Example links of Bill format are given below -

Drive link -https://bit.ly/3DAGIs3

Download OneGST Application from the given link -

Play store link -https://play.google.com/store/apps/details?id=com.onegst

Disclaimer: This article is intended for general consumption only. The information in the article was accurate at the time of publication, but it is subject to change due to changes in government rules and regulations. The contents of the blog may not be copied unless prior permission is obtained.

Our GST guidebook and experts will help you with all your Goods and Services Tax Queries. Please contact us on +91 8955002477 to know more.

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