📢 Important Update: GST Invoice Series for FY 2025-26

As we step into the new financial year, it’s crucial for all registered businesses under GST to ensure compliance with the invoice series requirements as prescribed under the CGST Rules.

🧾 What Does Rule 46(b) of CGST Rules, 2017 Say?

Under Rule 46(b) of the Central Goods and Services Tax (CGST) Rules, 2017, every invoice issued by a registered taxpayer must carry a consecutive serial number, which:

✅ Does not exceed 16 characters in length
✅ May be numeric, alphabetic, or alphanumeric
✅ Can include special characters like hyphens (-) and slashes (/)
✅ Must be unique for each financial year

🔄 What Should You Do from April 1, 2025?

Businesses are required to reset their invoice series starting April 1, 2025, to align with the new financial year (FY 2025-26). This means:

✔️ Start a new series or continue an existing pattern, but with fresh numbering
✔️ Ensure that your invoice numbers are sequential and non-repetitive
✔️ Keep your format consistent across all invoices issued during the year

Example Formats You Can Use:

  • INV/2025-26/001

  • 001/2025

  • TAX-001

  • FY26-001

You can adopt multiple series if required for different branches or types of supplies, as long as the series is not duplicated within the financial year.

🛑 Why Is This Important?

Failure to follow proper invoice series guidelines may lead to:

🚫 Non-compliance issues during GST audits
🚫 Disallowance of Input Tax Credit (ITC) for your customers
🚫 Penalties or notices from the GST Department

Maintaining a clear and consistent invoicing system ensures both regulatory compliance and smooth business operations.

📝 Need Help Resetting Your Invoice Series?

If you're unsure about how to start your invoice numbering or need help with setting up your accounting software for FY 2025-26, our team is here to assist!

📞 Contact us: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

📌 Stay Ahead with Compliance!

Let this new financial year begin with a clean and compliant invoicing system. Start your GST invoicing series the right way and avoid unnecessary complications later.

#GSTInvoice #InvoiceSeries #TaxCompliance #BusinessTax #GSTUpdate #TaxFiling #GSTIndia #TaxlaServices #ChennaiBusinesses #AccountingTips



Comments

Post a Comment

Popular posts from this blog

UPI Transactions Are Now Under GST Radar—Stay Compliant with Taxla Services

Image
Digital payments have revolutionized the way businesses operate, with platforms like GPay, PhonePe, Paytm , and others offering convenience and efficiency. However, with this convenience comes the responsibility of tax compliance. Recently, a merchant in Tamil Nadu faced a tax notice after their UPI transactions crossed the GST threshold of ₹20 lakhs in a financial year. Why Are UPI Transactions Being Monitored? The GST Department is closely monitoring digital payment platforms to ensure businesses comply with tax regulations. Transactions conducted via UPI are no longer immune to scrutiny. If your business turnover exceeds ₹20 lakhs (or ₹10 lakhs for specific categories), GST registration is mandatory —regardless of the payment method used. What Does This Mean for You? Unregistered Businesses: If you’re operating without GST registration but your annual turnover exceeds the threshold, you could face penalties and notices. Digital Payment Records: All UPI transactions are recorded an...
Read more

New Tax Rule Alert! – Tax Officials Can Access WhatsApp & Email During Searches

Image
The Government of India has introduced a significant provision under the New Income Tax Bill 2025 , granting tax officials the authority to access digital communication platforms like WhatsApp, email, and cloud storage apps during search and seizure operations . 📜 Key Provisions of the Rule: Expanded Access Rights Tax officials can now inspect your WhatsApp chats, email inbox, cloud storage files, and installed applications on your devices during income tax searches. This move aims to enhance investigation efficiency and curb tax evasion through digital means. Parliamentary Panel Approval A Parliamentary Standing Committee reviewed the clause and raised no objections in its official report dated 21 July 2025 . The inclusion of this clause highlights the government’s focus on modernizing enforcement by including digital evidence in tax cases. Applicable During Official IT Raids Access is permitted only during authorized searches under Section 132 of the...
Read more

🧾 TDS Payment (AO Permitted) – Due Date Alert!

Image
Deadline: 7th July 2025 | Period: April–June 2025 Tax deductors and businesses—this is a timely reminder! If you're permitted to deposit TDS quarterly by your Assessing Officer (AO) under certain provisions of the Income Tax Act, the due date for the April–June 2025 quarter is fast approaching. 🔍 What is AO-Permitted Quarterly TDS Payment? Under normal circumstances, TDS must be deposited monthly. However, specific deductors can obtain permission from the Assessing Officer (AO) to deposit TDS on a quarterly basis —typically to reduce compliance burden for eligible deductors. Quarterly TDS deposit is permitted under the following sections : Section 192 – Salary payments Section 194A – Interest (other than securities) Section 194D – Insurance commission Section 194H – Commission or brokerage If you have this quarterly permission , the due date for April to June 2025 TDS payment is: 🗓 7th July 2025 🚨 What Happens If You Miss the Deadline? Failure to...
Read more