In case of intrastate transactions, two taxes Central GST(CGST) and State GST(SGST) are collected by both Central and State Government. How are interstate and intrastate transactions treated under the GST? GSTIN is a unique 15 digit identification number given to a taxpayer who registers themselves under the GST law in a particular state in India. Tax invoices are mandatory for claiming Input Tax Credit.Ī bill of supply is an invoice generated by a GST registered business owner when he sells GST exempt goods or services, or when he is registered under the Composition Scheme. A tax invoice is the invoice created by a GST registered business owner when he sells taxable goods and services.
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