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The Tax Invoice must contain seven facts as per the GST Tax Law.There are different types of invoices: Some invoices are no longer paper-based, but rather transmitted electronically over the Internet.Electronic Data Interchange (EDI) standards such as the United Nation's EDIFACT standard include message encoding guidelines for electronic invoices.The EDIFACT is followed up in the UN/CEFACT eb XML syntax cross industry invoice.
Standards for electronic invoicing vary widely from country to country.
From the point of view of a buyer, an invoice is a purchase invoice.
The document indicates the buyer and seller, but the term invoice indicates money is owed or owing.
In the rental industry, an invoice must include a specific reference to the duration of the time being billed.
So in addition to quantity, price, and discount, the invoice amount is also based on duration.
In the European Union legislation was passed in 2010 in the form of directive 2010/45/EU to facilitate the growth of Electronic Invoicing across all its member states.