GST basics every shopkeeper should know
If your business crosses the GST threshold, you need to issue GST-compliant invoices and file returns. It sounds complicated, but the essentials are straightforward.
A valid GST invoice needs:
- Your GSTIN and the customer's (for B2B)
- Invoice number and date
- HSN/SAC codes for products or services
- Taxable value and the CGST / SGST / IGST breakup
CGST, SGST, and IGST — what's the difference?
- CGST + SGST apply for sales within your state
- IGST applies for sales to another state
Good billing software calculates this split automatically, so you never have to do the math.
Common GST mistakes to avoid
- Missing or wrong HSN codes
- Incorrect tax rates on items
- Not reconciling sales before filing
- Losing invoices needed at filing time
How BillBasket keeps you compliant
BillBasket generates GST invoices with the correct tax split and HSN codes, and produces GSTR-ready reports so filing takes minutes, not days. It also supports non-GST billing if you're not yet registered.
Ready to simplify GST? Book a free demo.