Invoice number of second plant in same state

Invoice number of second plant in same state

 

What is the GST Law , why this is important :

See Details on previous page  (Click here)

We know that Large Manufacturing Plants and even SME’s need Plant level Profitability analysis. Owners of Large Showrooms also want to know which Showroom is Profitable and which is in Losses. Hence they must transfer goods on Invoice– with impact on both profits and Stocks. Details on our detailed page on this topic.

Suppose you want to have invoice system, then, This page is relevant to you .. Read on please.

In this case, if both plants have same invoice number it will break the rule of uniqueness. Then, Read on for details..

Two plants in same state both with Invoice number start from 00001 on 1st april 2017, So, Here there is a problem.

a)One GST number will have One GST return. But, the law says Consecutive serial number … Unique for a year. 

b)So, when you upload data, two invoices of two plants with same serial number will not be acceptable.

c) Similarly for the Customer’s Accounts Dept, their ERP Software will not accept Two Same invoice numbers in the same Financial Year from the same GSTN number.

So, Solution is:

Second plant must start with a prefix in future,

1) Say, Plant one will continue as 000001 onwards,

2) And, Plant two will continue as 100001 onwards, 

That is all.

This is perfectly acceptable and this is the best solution. 

For Record

  1. Alphabets are allowed in Govt’s return format, but not allowed in Finsys ERP. Infact it is not required, if the 100001 concept is utilised.
  2. Year are allowed in Govt’s return format (Example: 001/17-18.) However, not allowed in Finsys ERP. Infact it is not required, if the 100001 concept is utilised.  Since invoice date is always attached to the invoice number in any communication.