What is Invoice?

On every sale, an invoice is issued.

Invoice is a document listing goods, price, tax charged and other details as may be prescribed.

As per White paper,

• Every registered dealer whose turnover exceeds a specified amount has to issue an invoice
• Such invoice should be serially numbered
• It should have prescribed particulars
• It should be signed by dealer or his permanent employee
• Counterfoil of invoice should be duly kept in records, signed and dated