Affix Footnote Invoice For Free

Once both sides agree to the invoice, it becomes a binding contract. That means that the customer must pay the invoice, but only after the vendor has satisfied all of terms spelled out on the invoice.

It is the primary document for availing the input tax credit. As invoices are being generated online, assessee does not find any signature in most of these. Rather, a statement is mentioned at the end of the invoice which is - This is software generated invoice, signature not required.

?Provided also that the signature or digital signature of the supplier or his authorised representative shall not be required in the case of issuance of an electronic invoice in ance with the provisions of the Information Technology Act, 2000 (21 of 2000).? 1.

An invoice is simply a record of a transaction, not an agreement. Because of this, there is no requirement that an invoice be signed for it to be valid. However, requesting the customer's signature on an invoice is a common practice.

Your business name, address and contact information. the business name and address of the customer you're invoicing. a clear description of what you're charging for. the date you provided the goods or services (which is also known as the supply date)

Penalty for non generation of e invoice ? 100% of the tax due or Rs.10,000, whichever is higher, for every invoice. Penalty for incorrect invoicing ? Rs.25,000 per invoice.

Both parties should sign the document (or alternatively, neither should sign). By having each party sign an invoice or sales receipt, the document is formalized. Just remember, the signatures don't necessarily make the transaction any more legally-binding than the invoice itself.