tax invoice meaning what is tax invoice definition and meaningan account that appears among the current liabilities portion of the balance sheet for a business the tax payable account is made up of taxes that the pany needs to pay to the appropriate government agency within the current tax year according to the tax laws of its home country.invoice format under gst invoice debit credit notename and address of the recipient address of delivery and name of the country of destination provided also that a registered person may not issue a tax invoice in accordance with the provisions of clause b of sub section 3 of section 31 subject to the following conditions namely.
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