What is a tax invoice?
A tax invoice is a document that records the supply of goods or services and complies with the requirements specified in the GST law. A tax invoice will generally be issued by the supplier.

Why are tax invoices needed?
A supplier of goods or services that are valued at more than $50 will need to provide a tax invoice so the recipient can claim an input tax credit for their acquisition. In special cases, a tax invoice will be provided by the recipient of a supply. Recipient created tax invoices will inform suppliers of their GST liability.

What are the tax invoice requirements?
The GST law requires a tax invoice to show:

• The ABN of the issuer of the document.
• The GST-inclusive price of a taxable supply, and
• Other information as specified in the regulations.

In addition to the issuer’s ABN and the GST-inclusive price of a taxable supply, a tax invoice for supplies of $1000 or more must contain:

• The words ‘tax invoice’ stated prominently on the document
• The date of issue of the tax invoice
• The name, or trading name, of the supplier
• The name of the recipient
• The address or ABN of the recipient
• A brief description of each thing supplied, and
• The quantity or volume of what was supplied.
 

Invoice Example 1

Invoice Example 2

Invoice Example 3

Disclaimer: This is not advice. Items herein are general comments only and do not constitute or convey advice per se. The information contained in this article is for guidance only and should not be relied upon without obtaining professional advice having regard to your specific circumstances.