Dictionary of all accounting terms
A tax invoice is a legal document that a seller submits to a customer in which the tax is included or a document (in India) from a registered supplier to a registered dealer.
Under the GST (Goods and Services Tax) system, a tax invoice is similar to a standard invoice.
The minimum requirement for issuing a tax invoice is different in varying GST countries.
For example, in Australia, if your taxable sale is higher than $82.50 including GST, you have to submit a tax invoice to your GST-registered customers so that they can claim a credit for the GST.
Your tax invoice should include:
Different countries may have different requirements for what information a tax invoice should contain.
For India, a tax invoice is a legal document that a registered dealer (the supplier) sends to the another registered dealer (the purchaser) once a sale has been made. The purchaser is not the consumer (the end user) and therefore a tax invoice is used. If the product or service is sold to a consumer, a retail invoice should be used.
This tax invoice should include the following: