Also called: Supplier invoice
Tax invoice
A tax invoice is a document issued by a GST-registered seller that meets ATO requirements and allows the buyer to claim a GST credit. It must show the seller's ABN, the date, a description of what was supplied and the GST amount or a statement that GST is included.
What is a tax invoice?
A tax invoice is a document issued by a GST-registered seller that meets ATO requirements and allows the buyer to claim a GST credit. It must show the seller's ABN, the date, a description of what was supplied and the GST amount or a statement that GST is included.
Example
A $88,000 invoice showing "Total includes GST of $8,000" supports both the finance settlement and the buyer's BAS claim.
Why it matters
Financiers settle against the tax invoice, so an incomplete or misnamed invoice is a common cause of settlement delays.