What is GST?

GST stands for Goods and Services Tax. It’s a single, indirect, destination based tax levied on Goods and Services sold in the country.
Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.

GST Bill

GST bill is a document containing the list of goods sent or services provided, along with the amount paid or due for payment.
A GST Bill can be easily created with Billing Software like KwikBiz. It is compulsory to provide GST bill in proper format to the party/customers if you are a GST registered business.

Features of GST Bill

A GST bill is mandated to have the following fields as directed by the Government.

• Party Name / Customer Name
• Shipping and Billing Address
• Bill Date
• Bill Number
• HSN/SAC Code of Items(see our other post for this)
• GSTIN of Customer(if registered) & Business
• Item/Product / Service Details (unit, Quantity, rate etc)
• Rate of Tax
• Type of tax levied(CGST, SGST or IGST)
• If the recipient of bill is not registered AND the value of Invoice is more than Rs. 50,000 then it should also have:
  • • name and address of the recipient,
    • address of delivery,
    • state name and state code

How to create personalized GST Bill ?

You can personalize your GST bill by adding your company/business logo and by using themes. KwikBiz GST Billing Software allows you to create personalized GST bills.

Advantage of using GST Billing Software like KwikBiz

There are numerous advantages, To name a few

• Faster and accurate billing compared to paper bills or paper based bill books.
• Software calculates tax automatically, which gives no chances of miscalculation and human error.
• All data is stored in secure cloud, so there are no chances of data loss.
• KwikBiz verifies GST no’s before adding party/customer GSTIN so that there are no chances of false billing.
• It also provides you round the clock access to your data. You can take your business with you.
• Proper and insightful sales report which gives you better insight about your business performance.

How to create GST bill Using KwikBiz GST Billing Software?

Creating an invoice on KwikBiz is super easy. Refer to the video for better understanding.

Register for free trial of kwikBiz now