To make Tax Invoice Template, one need to understand, what type of business transaction was conducted, taxable or non taxable and the Invoice to be issued should be Tax Invoice or non Tax or standard Invoice.
Tax Invoice is issued to the buyer, whose purchases are covered by taxes, whereas non taxable invoice are drawn for the purchases, which are not covered by any types of taxes. In both cases, the seller decided, which type of Invoice should be raised against the sales.
For a person, who is starting a new business, it becomes difficult to raise a tax invoice. He is quite unaware of the Tax formalities and how they should be inserted in the Invoice. Before issuing any Tax Invoice, the business owner should thoroughly get acquainted with the tax structures and knowledge about his selling products, which carries taxes on them. It is also beneficial to understand that items are always taxed in certain ratio, which will have to be calculated in the Invoice and total tax amount is written after the calculation.
If any business owner is not able to draw a Taxable Invoice, he can download, Free Income Tax Template from Internet and can get it filled up as required. But it is also not viable option, because there are various types of Tax Invoices available on Internet for different products and services, which carry different types of taxes.
Again not all sold items carry taxes and few are non taxable also. So it is very important to understand about the taxable products and the ratio of taxes they carry. After getting fully acquainted with these details, Tax Invoice Template can be downloaded from the Internet. Such template even carries self calculating formulas for tax calculations. These download templates can be printed and used as and when required.
It is also necessary for the seller to use tax Invoice with unique Invoice serial number to differentiate it with non tax invoice. Other details that has to be included in the header part of the Tax Invoice, includes contact details of the company, such as name of the company and address, date and business registration number to show legal operation of the business. This portion should also bear the contact details of the buyer.
The body of the Tax Invoice requires all details of the product, which is taxable including model number, type, and other details specified to the product. Per unit and rate of the product should also be shown in this part. If the quantity of the same product is more than one then, total value can be calculated through each unit rate and can be mentioned.
The bottom or footer part of the Tax Invoice should show subtotal amount of the product and grand total of total amount, tax charged, handling and forwarding charges which are then added to grand total, which is payable by the buyer. This part should also mention the terms and conditions of the business deals, such as returning options, payments conditions and payment after due date liabilities.
The seller can issue one copy of Tax Invoice to the buyer for record of his purchases and due amount record and keep another copy for himself for filing system.
Below Given Tax Invoice Template will assist you in preparing your own Tax Invoice:
Co. Logo
INVOICE
Company Name: ________________
Office No ______________
Street Name _____________
City/Town ______________
Phone No ________________
E. Mail: _________________
To,
Name ________________
Invoice Date: ____________
Street Name ________________
Invoice No.: ___________
City/Town ___________________
Reg. No.: _____________
|
S. No. ($) |
Product Description
|
Qty (Pcs.)
|
Rate ($)
|
Amount
|
|
1 2 3 4 5 6 7 |
||||
| Total ($) ………….. |
Sub
|
|||
| PST % ………. | ||||
| GST % ……….. | ||||
| Charges ………. | Carrying & Forwarding | |||
| ……….. | Grand Total ($) | |||
GENERAL TERMS & CONDITIONS
1
2
3
4
5
6
7
Signature
Company Seal