Question

What information must be included in a tax invoice for supplies of less than $1000? List and describe six examples of information.(Please consider this is in Australian Taxation Environment) (Please type up your answer)

Answer 1

1) Tax invoice: It should be clearly mentioned that the document is a tax invoice

2) Seller identity: Details of seller i.e, Name, Registered address, Branch/shop Address.

3) Date: there should be the invoice date on which it is issued.

4) Seller's identification: Seller's Australian Business Number (ABN).

5)Goods Details: There should be details of goods in unit/number, amount, rate, type of goods, size of goods.

6)GST: GST details along with GST no., amount of tax charged.