Tax Invoices vs Receipts

What is the Difference?

A receipt is a basic proof of payment. A tax invoice is a legal document required when you are GST-registered. It must include your ABN, show the GST amount, and be labeled "Tax Invoice". Your clients need tax invoices to claim GST credits on their business expenses.

When Do You Need to Issue a Tax Invoice?

- For sales over $82.50 (inc. GST), you must provide a tax invoice if the client asks - You have 28 days to provide it after the request - For sales $1,000 or more, the invoice must also include the buyer name or ABN

What Build Stability Handles Automatically:

When you are set up as GST-registered with your ABN, all invoices are labeled "Tax Invoice", your ABN appears on every invoice, GST is calculated and shown per line item, and invoice PDFs are available for download.

What You Still Need to Do:

- Lodge your BAS (quarterly or monthly) with the ATO - Keep records for 5 years - Consult your accountant for filing decisions