Type of Invoice

Let’s guide you which type of invoices can be created from gstsoftware.com:

  1. Invoices can be created for Sales as well as Purchases.
  2. For Sales invoices, following are the types of invoices which can be prepared from gstsoftware.com:
    1. Proforma Invoice:
      Proforma invoice is a document that provides information regarding the particulars of the goods and/or services yet to be delivered to the buyer/customer. It is usually issued before the issue of Tax/commercial Invoice.
    2. Sales Order:
      The Sales Order is a confirmation document sent to the customers before delivering the goods or services.
    3. Tax Invoice:
      A Tax Invoice is a list of goods or services that must be issued for every taxable supply.
    4. Credit Notes:
      A credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the goods returned by the buyer.
    5. Debit Notes:
      Debit note can be issued by the supplier of the goods or services or both, to the recipient, when subsequent to the issue of tax invoice he comes to know that taxable value or tax charged in that tax invoice is less than the taxable value or tax payable with respect to such supply.
    6. Bill of supply:
      A bill of supply is usually issued when a business sells goods and services that are classified as exempt from GST.
    7. BOS Credit Notes:
      A BOS credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the exempted goods returned by the buyer.
    8. BOS Debit Notes:
      A BOS debit note is a document sent by a seller to its buyer, or in other words, a purchaser to its vendor while returning goods received on credit. The intent is to notify the seller that they’ve been debited by the buyer against the goods returned.
    9. Advance Receipts:
      Advance Receipts is issued when advance is received from customers.
    10. Delivery Challan:
      A Delivery Challan is created in situations where goods are being transported from one place to another which may or may not result in sales.
    11. Receipt:
      Receipt which is received against any goods/service which is delivered.
  3. For Purchase invoices, following are the types of invoices which can be prepared from gstsoftware.com:
    1. Purchase Invoice:
      It is a commercial document presented to a buyer by a seller or service provider for any purchase made by him.
    2. Credit notes:
      A credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the goods returned by the buyer.
    3. Debit notes:
      Debit note can be issued by the supplier of the goods or services or both, to the recipient, when subsequent to the issue of tax invoice he comes to know that taxable value or tax charged in that tax invoice is less than the taxable value or tax payable with respect to such supply.
    4. Advance payment:
      An invoice that a company issues to its customer for payments that must be made before the goods or services are delivered .
    5. Payment vouchers:
      A document which can be used as proof that a monetary transaction has occurred between two parties. In business, a payment voucher can be used for a variety of purposes, sometimes taking the place of cash in a transaction, acting as a receipt, or indicating that an invoice has been approved for payment.
  4. Invoice can be taken as print out for further communication.