In this article, we will discuss the GST Invoice format for textile business. A single tax of 5% is applicable to Textile Industry. Thus, a single tax column invoice format will be applicable.
The government has predefined rules in respect to the contents of tax invoice under GST Regime.
We have created an excel template for GST Invoice format for the textile industry. It is ready to use excel template. Just insert your company name, address, logo etc and start using it.
All the computations in this template are configured with predefined formulas. This template can be useful to textile manufacturers, wholesalers, traders etc.
If you are a retailer registered under composition scheme, you can download invoice template from the link below:
Contents of the GST Invoice Format For Textile Business
This template contains 4 different sections:
- Supplier Details Section.
- Receiver/Consignee Details Section.
- Product Details Section.
- Billing Summary, Tax and Signature Section.
To get a complete preview of the invoice template click on the link below:
Usually, supplier details section consists of the company logo, company name, address, GSTIN and contact details or you can take a print of invoice on your letter head.
It also contains columns for the reverse charge, invoice number, invoice date, date of supply, place of supply, transport details, state and state code etc.
2. Receiver/Consignee Details Section
Receiver/Consignee details consist of the receiver and consignee name, address, GSTIN, state and state code etc.
3. Product Details Section
Product details section consists of product descriptions, serial number, quantity, unit, rate and taxable value. Gross value = Quantity X Rate
4. Billing Summary, Tax Computations, and Signature Section
In this section, you have the columns to display amount in words, remarks, business greetings, Authorized signatory, and billing summary.
The billing summary consists of the following calculation:
Total Amount -Discount = Taxable Value
Total GST = CGST + SGST + IGST
Taxable Value + Total GST = Nett Amount
A separate column for the rate of tax applicable for each tax is provided. You enter applicable tax and it will compute automatically.
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