Manual2AI

terms

GST & invoice terms, explained.

Understand the building blocks of every Indian B2B transaction. Browse the GST, billing, and invoice terms you'll meet, what they mean, and when they apply.

GST

HSN code

The classification code that fixes the GST rate for a product. Manual2AI stamps it on every line automatically.

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GST

CGST / SGST / IGST

The tax split — CGST + SGST for intra-state sales, IGST for inter-state — computed from the place of supply.

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GST

Place of supply

Where a sale is treated as supplied. It decides whether you charge IGST or CGST + SGST on the invoice.

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GST

Reverse charge (RCM)

When the buyer, not the seller, is liable to pay GST — common on certain services and unregistered purchases.

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Billing

Proforma invoice

A preliminary bill sent to confirm an order and collect advance before the GST tax invoice is raised.

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Billing

IRN & QR code

The reference number and signed QR the government IRP returns to make a B2B tax invoice valid.

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Billing

Credit / debit note

Documents that reduce or add to a buyer's payable for returns, short supply, or under-billing.

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Billing

Payment terms

Amounts, due dates, advance, and accepted methods — UPI, NEFT, cheque — agreed for a sale.

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Logistics

E-way bill

The transport document required to move goods above ₹50,000, linked to the invoice and vehicle.

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Logistics

Delivery challan

Moves stock for dispatch, job work, or samples when a tax invoice isn't raised yet.

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Inventory

GRN

Goods Receipt Note — records inward stock against a purchase order, with quantity and quality checks.

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Inventory

Reorder level

The stock threshold that triggers a fresh purchase so an item never quietly runs out.

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Finance

Receivables vs payables

Money customers owe you versus money you owe vendors — the two sides of your cash position.

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Finance

Gross vs net profit

GP is revenue minus direct cost; NP is what's left after all overheads — your real take-home.

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Finance

TDS / TCS

Tax deducted or collected at source on certain transactions, tracked so filings reconcile cleanly.

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Sales

Lead scoring

An AI-assigned ranking of how likely a lead is to convert, so reps work the best ones first.

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Sales

Pipeline stage

Where a deal sits on its way to a close — each stage with its own owner and next action.

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Service

AMC

Annual Maintenance Contract — a recurring service agreement with coverage and renewal dates to track.

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