What is an invoice?

An invoice is a formal, itemised document issued by a seller to a buyer that records what was sold, the quantity and price, any applicable tax, and the total amount due, serving as both a request for payment and a legal record of the transaction. Under GST law, a valid tax invoice also serves as the document a registered buyer needs to claim input tax credit. Billoxy's GST Invoicing Tool generates invoices that automatically include every field required for legal validity and ITC eligibility, so every invoice you send functions correctly as both a payment request and a compliant tax document.