Service businesses have different transaction patterns from product-based businesses.
Examples include:
- IT companies
- Consultants
- Marketing agencies
- CA firms
- Legal professionals
- Designers
- Digital agencies
Important GST records
Service businesses should maintain:
- Client invoices
- SAC details
- Client GSTIN
- Taxable value
- GST charged
- Credit notes
- Expense invoices
Why invoice accuracy matters
A service invoice should contain the required details under applicable GST rules.
Incorrect invoice information can lead to customer reconciliation problems.
