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Invoice Preparation

D.Durga Prasad (CA - Student) (78 Points)

18 March 2009

Hi all,

I like to know the rules and procedure to prepare Invoice.

"One of my client is preparing Invoice only in USD value" whether it is acceptable.

If not yet acceptable means explain why is not acceptrable and any rules contain for this

Advance Thanks

And

Regards

Prasad

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2 Replies

Ahmed (Accounts) (77 Points)
Replied 18 March 2009

Hi,

it should acceptable and there is no any rules for prepareing invoices but its depond on ur company trnsection, for exmple qty.cost price etc. with details co.informations.

if u intersted to view invoice proforma tell me i will send u

thanks

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(Guest)

An Invoice should be complete informative like Name & brief descripttion of Goods/services, Qty/Period, Rate , Amount , Service Tax/Vat/Sales Tax etc, Cartage (if any), Transportation etc along with buyers name & complete address, TIN/Service Tax No. PAN etc. Bill/ Invoice Number & Date

Also includes the payment terms.

Please note that in case of a mfg co Invoice must be verified by Sales Tax dept /Excise.

If Invoice are raising in FC then it should be prepare in prescribe format as per custom

>> Rajesh