A tax invoice template is a legal document that a vendor submits to a customer which also includes information about General Sales Tax (GTS). Generally, this invoice is issued by a registered dealer to the purchaser which shows the amount of tax paid and payable. It further contains information about the tax registration identification number of the seller. Like a traditional invoice, it will include the word INVOICE and information about the issuing business. Moreover, it is also issued by the entities making a claim for input tax credit on creditable acquisitions. Moreover, it provides countless benefits for them and for their customers, like generating instant reports, advance tax-paid account details and tax-payable accounts. Importance of Tax Invoice: A tax invoice is an official slip which is generated by a business to inform the buyer about different costs of items inclusive of taxes. Normally, it is used as a monitoring element of the transaction which records all essential information about a tax refund with respect to the amount of taxes. A tax invoice may usually include a set of information about the costs of products with general sales and withholding taxes. However, it will consist of the registered tax number