What is our GST invoicing Solution?
SmartBiz's GST Invoice feature enables automatic generation of invoices for your online orders. As a seller, you can set up GST details in your tax settings by providing your GSTIN, business name, and applicable tax rates. Once enabled, invoices will be automatically generated for each order and can be downloaded by both you and your customers.
GST Tax Setting Page:
Here you will be required to enter GST details. You can access this page by clicking on "Setting" on left hand side and then selecting "Tax".
a) GST No: Input your GST number.
b) State Code and State Name: This information is captured through first two digits of GST number.
c) Business Registered Name: Input your business registered name of the same GST that was populated in the field earlier. It will be used to populate "Sold By" information in the invoice.
d) Business Registered Address: Input your business registered address of the same GST that was populated in the field earlier. It will be used to populate "Sold By" information in the invoice.
e) Default Tax Rate: This is the tax rate applied to all the product of your catalogue if no HSN and tax rate is provided.
GST Invoice:-
This section provides information about the details of the invoice that will be generated by SmartBiz
(i) Sold By: This provides the information about your GST number, Business Registered Name, Business Registered Address.
(ii) PAN No: It is extracted from 3rd to 12th character of your GST number. For instance, character in bold represent PAN no. - 24*AAACH7409R*2Z6.
(iii) Unit Price: It is the base price or taxable value per unit product.
(iv) Net Amount: It is total taxable value which is Unit price multiplied by quantity of a product in the order.
(v) Discount: It is the discount applied on the selling price of the product and not MRP to selling price. discount. It takes into account prepaid incentive and promotional offers at product as well as cart level.
(vi) Tax Rate: It is the tax rate submitted by the seller. Here depending on your store/shop location and buyer's address, IGST, CGST SGST/UTGST will be applied.
(vii) Tax Amount: It is total tax on the products.
(viii) Total Amount: It is the price what customer is paying post applying prepaid incentive and promotional offers at product as well as cart level.
FAQs:-
1. When will the invoice be created and where do I access the Invoice?
Invoice will be generated once you select Ship order in our order management system. You can access invoice along with ship label generation. It might take 5-10 seconds before the invoice is generated post clicking on “Ship Order". You can also access Invoice by clicking on the three (...) dots against each order in all order tab in the Order Management System.
2. Can you delete Invoice once generated?
No, once an invoice is generated, it cannot be deleted. It is at your discretion to use this invoice or an alternate invoice system.