8 Tax INVOICE TIPS for GST REGISTERED BUSINESSES

8 Tax INVOICE TIPS for GST REGISTERED BUSINESSES

Author: Duncan Warnock CPA | October, 2016 


Issuing tax invoices
When you make a taxable sale of more than $82.50 (including GST), your GST registered customers need a tax invoice from you to be able to claim a credit for the GST in the purchase price.
If a customer asks you for a tax invoice, you must provide one within 28 days of their request.

Tax invoices for sales of $1,000 or more need to show: 

  1. that the document is intended to be a tax invoice
  2. the seller's identy 
  3. the seller's Australian business number (ABN) 
  4. the date the invoice was issued 
  5. a brief descripon of the items sold, including the quanty (if applicable) and the price 
  6. the GST amount (if any) payable – this can be shown separately or, if the GST amount is exactly one‐eleventh of the total price, as a statement such as 'Total price includes GST' 
  7. the extent to which each sale on the invoice is a taxable sale (that is, the extent to which each sale includes GST)     
  8. the buyer's identy or ABN

 

For further information or assistance contact Duncan Warnock CPA at Warnock Accounting today. 

Contact us via phone 0402 210 614 or alternately email duncan@warnockaccounting.com.au. Warnock Accounting looks after clients from all over Geelong, the Bellarine and the Surf Coast. 

Alternately submit your contact details via our website contact us form via this website. 

 

ABOUT US

Learn more about us - Are we the right Accountant for you?

CONTACT US

Contact us to schedule a tax accounting consultation

LINKED IN

View Linked In

CoNTACT a CPA

Warnock Accounting is a CPA Business 

Warnock Accounting is a CPA Business 

© Copyright  2018 Warnock Accounting | Tax Agent Number 25 366 722 | Warnock Accounting is a CPA Business | Office address: 15/147 Ryrie St, Geelong