ERP glossary · Accounts
What is Tax invoice?
Definition
A tax invoice is the bill a seller issues for goods or services, showing the buyer, items, values, GST charged and the invoice number and date.
In India it is also the base document for the buyer to claim input tax credit and for the seller to file GST returns.
Tax invoice in IndustryX
IndustryX creates invoices from sales orders and keeps customer ledgers in step. The e-invoice and e-way bill add-on generates the IRN and e-way bill from the invoice.
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