Instamojo has developed a convenient solution to streamline the process of generating invoices after each payment, making the task of raising invoices for every transaction less burdensome.
Currently, this feature is exclusively accessible on Smart pages. However, if you utilize other Instamojo products such as the Online Store or Payment Links and wish to utilize this feature, kindly express your interest here, and we will promptly follow up with you.
How to generate customer invoices automatically?
You can enable the feature from here
- Update all necessary fields as required.
- Include an HSN/SAC code, as it is mandatory.
- If you have enabled a convenience fee, you can choose to display it as a separate line item on the invoice. The convenience fee will be shown as a line item taxed at 18%.
- You also have the option to upload an image of your signature.
Here is an example of an invoice automatically generated through Instamojo.
Are the invoices GST compliant?
While designing the invoices, we have made diligent efforts to ensure compliance for small businesses. However, it's important to note that GST regulations may vary for certain large businesses. Therefore, we recommend consulting your accountant if you have any specific queries regarding GST regulations
Is it necessary for me to be registered for GST in order to generate an invoice?
If you are not registered, you can raise an invoice with a 0% tax rate. Only businesses that are registered for GST are eligible to levy taxes.
What is IGST , CGST and SGST? How are they calculated?
IGST stands for Integrated Goods and Services Tax, CGST stands for Central Goods and Services Tax, and SGST stands for State Goods and Services Tax. These are components of the Goods and Services Tax (GST) system in India.
IGST is applicable when the transaction involves the movement of goods or services between different states or Union Territories. It is collected by the Central Government.
In such cases the tax rate you mention will be shown as IGST
CGST is levied on intra-state transactions, where the supply of goods or services occurs within the same state. It is collected by the Central Government.
SGST is also imposed on intra-state transactions, but it is collected by the respective State Government where the supply of goods or services takes place.
In such cases the tax rate you mention will be split into CGST and SGST