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The invoice date represents the time-stamped time and date on which the goods have been billed and the transaction officially recorded. Therefore, the invoice date has essential information regarding payment, as it dictates the credit duration and due date of the bill.

Invoices should have dates to clarify obligations for both the issuer and recipient. The invoice date is the date of the document's issue -- not necessarily the date the products or services were provided. Terms of payment are interpreted in relation to this date.

Amendment can be made in the later tax period also but the date of revised amended invoice date must be the last date of the original invoice tax period. For example, if an original invoice dated 12/07/2021 is being amended in August then the amended invoice date cannot be later than 31/07/2021.

The invoice due date denotes the date by which the buyer of the goods has to make the payment. This due date is important in tracking the payments and charging the interest/late fee in case of delayed payment. Also, the seller can use this date to allow discounts for early payments.

If the invoice is generated internally, the invoice date should be the date the invoice was prepared and approved. Receipt date refers to the date goods or services were received or contractually due. If multiple dates or billing periods are included on a single invoice, use the latest date.

Is backdating on an invoice OK? Backdating an invoice may seem like a minor thing, but it is never OK. It can have serious implications if not appropriately addressed. When being pressured by clients or peers, you might find it difficult to say that you cannot backdate an invoice.

The due date is the latest date for when you must pay your invoice. The invoice date is the date when the invoice was issued.