There are certain requirements that have to be met to qualify as a tax invoice
- The words “tax invoice” should be clearly visible
- Company/Sole Trader/Supplier name & GST number
- Detail of Goods & Services
- Date / Address
- Specifically mention of GST inclusive or exclusive amount
If the value of goods & Services is than $50, then a tax Invoice may not be required, but a simple record can be kept.
can I use Xero to raise Invoices?
Xero has lots of features when its comes to raising Invoice. Part payment is a breeze, Monthly Account statement & auto payment reminders makes it easier to collect small businesses to collect payments.
Can I use manual Invoice?
If you issue less that 10 Invoices a month & payments are easier to collect then, manual Invoicing is cheaper way of Issuing Invoices, here is download link to Invoice with built in GST Calculations.