Another column must be specified to apply the VAT rate and the VAT amount must be mentioned separately for each item. The name must be followed by contact details like address, phone number, city and ZIP code, etc.Ī few columns must be drawn out to give a detailed view of what product or service the VAT is applied on, along with the product ID. Name of the person company interested in VAT invoice must be written on the top under the company details, in block letters for better illegibility.

The numeric-like date on which the invoice is issued and the invoice number must be correctly placed where it can be seen properly. The invoice must open with the name and logo of the company along with the contact details like address, contact number, and VAT number that the company has. A few requirements are to be fulfilled for making a good and considerable VAT invoice. A registrant or registered taxpayer means a taxable person who is registered for VAT and is required to charge VAT and file VAT returns on time. The VAT invoice is a document that notifies an obligation to make a payment. VAT stands for Value Added Tax and the invoice mentions the details about how much tax is to be applied for a particular item or the service rendered. Tax-free purchases or the purchases on which tax can be recovered always bring a lot of comfort for the buyers. The amount spent can be recovered using the VAT number. VAT is also very helpful when making purchases globally.

Vat format excel