Invoicing, Price Display and Record Keeping

  • Tax invoices, receipts and credit notes are common documents issued when billing your customers. These documents serve as important records of business transactions between you and your customers.
  • GST-registered businesses must display and quote prices inclusive of GST. If both GST-inclusive and GST-exclusive prices are displayed, the GST-inclusive price must be displayed at least as prominently as the GST-exclusive price.
  • GST-registered businesses must keep proper business and accounting records for a period of five years to support GST declarations.