Invoicing

Importance of Accurate Invoicing

Invoicing is crucial for maintaining transparent financial transactions between the seller and the consumer.

Seller’s Responsibilities

• Issuing Invoices: Sellers are responsible for generating invoices that accurately reflect the details of every transaction, including product descriptions, pricing, and applicable taxes.
  
• Compliance: Invoices must comply with local tax laws and regulations, providing all necessary details to both the consumer and the tax authorities.
  
• Record Keeping: Sellers should maintain copies of all invoices as part of their financial records for a specified period for auditing and compliance purposes.