Create a Tax Invoice PDF for Legal Purposes Effortlessly

Tax invoice pdf for Legal

we're going to look at what a tax invoice is you can see there's a list of all the documents that we're going to study in chapter 3 so we've got two documents for cash transactions a couple of documents for credit and then a bunch of other documents so which ones are tax invoices we're looking at that list we can see only the documents for credit transactions have the word invoice in them so are they the only ones that are tax invoices or what we're going to learn is that actually not true so looking at GST for a second going back to chapter 2 remember that every time the business collects or charges GST that goes into our liability and makes that liability increase but the business gets to offset that by claiming all the GST that we've been paid or being charged and that will reduce our GST liability so what we've got to do is report this to the Australian taxation office the atto and what they're going to ask for is all the documents that prove the amount of GST that you've paid and received they're called tax invoice so just the basic definition is a tax invoice is any business document between two parties that provides evidence of a transaction transaction including GST so at the end of the period we'll uh send all our documents up to the tax office and they're called tax invoices So based on that definition any document that provides evidence of GST it's actually going to be all four of those documents both cash receipts and check butts and also sales invoices and purchase invoices whilst some of those are for cash transactions and some are for credit the point is they're providing evidence of GST so all four will actually be classified as tax invoices uh why is it a tax invoice um I guess looking at it you can see it has the words tax invoice on it just underneath the receipt number up here and it doesn't necessarily mean that's a credit transaction though so in this case we can see it's actually a receipt number so therefore it must be a cash transaction but the point is it's also a tax invoice why because it has GST in the transaction and it's going to provide evidence of GST that we send to the tax office