ICAI releases Handbook on Invoicing under GST [Read Notification]

In a significant move aimed at enhancing awareness among professionals, the Institute of Chartered Accountants of India (ICAI) has released a thoroughly updated edition of its "Handbook on Invoicing under GST".

This revised version, published by the ICAI’s GST & Indirect Taxes Committee, consolidates all legal provisions related to invoicing under the Goods and Services Tax (GST) regime and incorporates amendments up to May 31, 2025.

The Handbook serves as a crucial resource for professionals and businesses by explaining the legal mandates and procedural requirements surrounding GST invoices, e-invoices, bills of supply, credit and debit notes, and related documents. ICAI President CA. Charanjot Singh Nanda, in the foreword to the publication, emphasized that accurate and compliant invoicing plays a foundational role in enabling businesses to claim input tax credits (ITC), reduce tax evasion, and ensure transaction transparency.

Stay Updated with the Latest Audit Report Formats & Audit Trials Requirements!, Click Here

The revised edition also delves into nuanced areas such as e-invoicing mandates for entities with turnover exceeding ₹5 crores, special cases like job work and reverse charge mechanisms, and digitized documentation. Detailed summaries of statutory requirements — including Rules 46 to 55A of the CGST Rules and relevant sections of the CGST Act — are presented in a structured and practitioner-friendly format.

According to CA. Rajendra Kumar P, Chairman of the GST & Indirect Taxes Committee, the Handbook reflects feedback from industry and incorporates real-time changes impacting compliance. “With the rapid evolution of GST norms, especially around digital invoicing and sector-specific nuances, this publication will act as a one-stop reference for practitioners, corporates, and government bodies alike,” he added.

The ICAI has invited feedback from stakeholders and encouraged readers to access further resources at GST & Indirect Taxes Committee | ICAI, in its mission as a knowledge partner in national economic development.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates