Template of the Tax Invoice
What must a tax invoice include?
Utilize our platform to generate a compliant tax invoice with the following components:
Basic Components:
Bill to – Buyer's name and billing address.
Number – Unique invoice identifier.
Date – Date of invoice issuance.
Description – Details of goods or services provided.
Amount – Total amount payable, including
Advanced Components:
Ship to – Delivery address, if different from billing address.
P.O. – Reference to the purchase order number.
Due date – The deadline for payment.
Qty – Quantity of items or services.
Unit Price – Price per unit or service.
When and why is it used?
Tax invoices are primarily used in the following scenarios:
Legal Compliance – Required by tax authorities to document taxable sales and services.
Input Tax Credit Claims – Enables buyers to claim credits for taxes paid on purchases.
Accounting Records – Serves as official documentation for financial reporting and audits.
Transaction Proof – Provides evidence of the sale and terms agreed upon.
