what is the purpose of Invoice ?
This query is : Resolved
28 January 2011
what is the purpose of Invoice ?
CA Ravi Sisodia
(Expert)
28 January 2011
It is a documentary evidence for the completion of a Transaction against which the payment is made by the buyer and keeps that invoice for future reference and to present it to Tax Department.. It is necessary that an invoice should be generated against every transaction. It is required by the Tax Levying authorities too.
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