![]() Debit and Credit Note:Ī debit note is issued when a tax invoice has been issued in relation to a good or service and the tax charged in that invoice is less than the taxable value of the supply and a credit note is supplied when a tax invoice has been issued for a good or service and the tax invoice exceeds the tax payable value of the supply, or when the goods supplied are returned by the recipient, or maybe when goods and services or both are found to be deficient. Payment Voucher:Ī recipient is liable to pay tax on reverse charge and is required to issue a payment voucher at the time of making a payment to the supplier. This voucher is issued when the advance is received for the services and the goods. It is issued at the time of receipt of advance payment in relation to the supply of goods and services. This invoice is required to be issued for the exempt supplies or it is required to be issued by the composite dealer. It is also required to be issued at the time of interstate stock transfers. Tax invoices are also issued in case of the reverse charge in which the recipient is liable to pay tax. Such invoices are issued when the supplies are made between one registered person to another registered person, as well as when supplies are from one registered person to an unregistered person. There are 8 types of invoices prescribed to be generated for different types of transactions: Tax Invoice: ![]() So, it may be in the form of a cash receipt, invoice or cash memo, a bank paying slip, and the voucher is absolutely essential for carrying out the audit functions. A voucher is basically a written document in support of a transaction and it is proof that a particular transaction has taken place. However, the invoice is different from the receipt and voucher. It contains information related to the name and address of the seller and the buyer, the date of sale, and a clear description of the goods with quantity and price. So, the statement is prepared by the seller of the goods. Anyone can use these invoice templates to design and print his/her own Professional Invoice quickly.Ī services Invoice is a business document that is prepared when one sells goods to another. ![]() ![]() Download these 10 different Services Invoice Templates for Free and with no limitations. ![]()
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