Good Morning,
Could you please share if the business is required to provide a tax invoice on customer deposit.
Thank you.
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Hi @Jannati,
If you're wanting to know if there's a legal obligation then no. We have had a similar question about invoices for deposits you may find helpful.
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Hi @Jannati,
If you're wanting to know if there's a legal obligation then no. We have had a similar question about invoices for deposits you may find helpful.
Thank you, Danielle.
When receiving a deposit, some businesses give a Proforma Invoice, which shows the description of goods/services to be provided, the agreed price, GST (of course), and the amount of deposit paid.
In many circumstances, I think this is a good process.