Invoice Generator for Tax Consultants

Yes, a CA firm must register for GST and issue tax invoices if its aggregate annual turnover in a financial year exceeds ₹20 Lakhs (for normal category states) or ₹10 Lakhs (for special category states). Once registered, they must charge 18% GST on their services.

The Service Accounting Code (SAC) for accounting, auditing, and bookkeeping services is 9982 (specifically sub-codes like 998221 for financial auditing and 998222 for accounting/bookkeeping). These services consistently attract an 18% GST rate.

Yes, reimbursements can be billed. However, whether GST is applicable depends on the nature of the expense. Expenses incurred as a 'pure agent' of the client (e.g., stamp duty paid on their behalf) are excluded from the value of supply and not subject to GST if conditions under Rule 33 of the CGST Rules are met. General incidental expenses (like travel) are part of the service value and are subject to GST.

Yes, digital copies are legally valid under GST laws. Physical copies are not mandatory during transportation of goods if a digital copy is accessible. Businesses with a turnover of ₹5 crore or more must issue e-invoices for B2B transactions, which involves generating a unique Invoice Reference Number (IRN) and QR code through the government portal for validation.

The tax invoice should specify the 'period of supply' or 'document period start and end date' to clearly indicate the timeframe the services were provided. You can add this information in the item description field of your accounting software, or use dedicated fields for the financial year and assessment year, as long as it adheres to the standardized e-invoice format if applicable to your business.