What is the checklist to ensure suppliers provide the correct tax invoice?
ATO Position A Tax Invoice must comply with the requirements of s. 29-70(1) A New Tax System (Goods and Services Tax) Act 1999 (‘the GST Act’). Section 29-70(1) of the GST Act states : A tax invoice for a taxable supply: (a) must be issued by the supplier, unless it is a recipient created tax invoice (in which case it must be issued by the recipient); and (b) must set out the ABN of the entity that issues it; and (a) must set out the price for the supply; and (b) must contain such other information as the regulations specify; and (c) must be in the approved form. The information which must be contained in a tax invoice (other than a recipient created tax invoice) is specified by the regulation 29-70 of A New Tax System (Goods and Services Tax) Regulations 1999 (‘the Regulations’). Existence of all of the elements listed will usually mean the invoice is also in the approved form. If the total amount, including GST, is more than $1000: (a) the words “tax invoice” stated prominently; (b)
