Accounting
Invoice
Definition
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4 Related Terms
What is Invoice?
Invoice is a commercial document issued by a seller to a buyer detailing products or services provided, quantities, prices, payment terms, and total amount due. Invoices serve as legal proof of sale, basis for payment collection, and record for accounting. Under GST, tax invoices must contain specific details like GSTIN, HSN/SAC codes, and tax breakup. Tally generates professional invoices with all statutory requirements and maintains a complete invoice register.
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