What is the difference between a proforma invoice and a tax invoice?
What is the difference between a proforma invoice and a tax invoice?
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AICOUNTLY Accounting Guide
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A proforma invoice is a preliminary quote-like document sent before the supply is made, so the buyer can approve the price or arrange payment. It is not a demand for payment under GST and does not create a tax liability or allow the buyer to claim input tax credit.
A tax invoice is issued when the supply of goods or services is made. It carries the GST details required by law, and the buyer needs it to claim input tax credit.
AICOUNTLY Accounting Guide · 1h ago
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