If We Make Cash Sales, Should We Issue a Tax Invoice for GST? When running a business, it’s essential to understand your tax obligations, especially under the Goods and Services Tax (GST) regime. One common question for businesses making cash sales is: Should we issue a tax invoice for GST? The answer is yes, let’s… Read More »
Difference Between Estimate and Invoice An estimate and an invoice are two important documents use in accounting and finance. An estimate is a document that provides a tentative cost or value for goods or services that are yet to be provide. It is an approximate calculation of the expect costs or charges for a particular… Read More »
Debit invoice vs credit invoice Debit invoice vs credit invoice, A debit invoice and a credit invoice are two types of documents used in accounting to record financial transactions. They have distinct characteristics and implications: Debit Invoice A debit invoice is a document issued by a supplier to a buyer when additional goods or… Read More »
GST invoices manually GST invoices manually, For businesses with a turnover of up to Rs. 1.5 crores in a financial year, GST invoices can be issued manually. 1.5 crores in a financial year, GST invoice can be issued manually. Here are the steps to issue a manual GST invoices: Create an invoice format that… Read More »
Can a non-GST registered company issue a tax invoice A non-GST registered company is one that has not obtained GST registration, either because its turnover is below the threshold limit or it falls under the exempt category. The question of whether such a company can issue a tax invoice depends on the nature of its… Read More »
