Is It Okay to Create Invoices Without Company Registration? - PowerPoint PPT Presentation

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Is It Okay to Create Invoices Without Company Registration?


You can easily create invoice without company registration. Only companies with certain threshold should create GST tax invoices. – PowerPoint PPT presentation

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Date added: 3 November 2020
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Title: Is It Okay to Create Invoices Without Company Registration?

Is It Okay to Create Invoices Without Company
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Are you struggling to sort your invoice creation
confusion? In a nutshell, you need not have a
limited company to create invoices. There are
several businesses across the country that
operate as a sole proprietor. You can legally
issue an invoice in the name of your client. But
it is unlike the GST tax invoices. A GST invoice
is a detailed document issued under section 31 of
the CGST Act, 2017. A GST tax invoice contains
mandatory contents. It includes GSTIN of both
supplier and buyer, addresses, taxable amount,
etc. Only taxable goods and services registered
under the government can issue the GST invoices.
It allows you and the recipients to claim ITC
(Input Tax Credit). However, for safe and secure
functioning of the business. It is always
recommended to register your business. Whether
you want to have a limited company or not, this
article will address all your confusion
concerning creating invoices.
How Can I Invoice Without A Registered Company
  • Can I invoice without being self-employed? It
    is the most commonly asked questions by
    freelancers who do not want to declare themselves
    as self-employed. Being a freelancer or a sole
    proprietor does not require you to take formal
  • Only businesses with specific thresholds are
    mandated to create invoices under GST. Otherwise,
    you can always send invoices to your clients as
    per their request. However, there are specific
    key considerations that you must include in your
    professional invoices.

What Should My Invoice Include?
  • Integrity is a choice between whats convenient
    and whats right. Professionalism is vital for
    small businesses to succeed in the near future.
    It is why most freelancers and sole proprietors
    prefer online invoicing.
  • Invoicing your clients is easier with online
    invoicing templates on the invoice generator.
    Here are a few key considerations that you must
    document in your invoices.

Professional Header
  • Your invoice must primarily consist of your full
    name or business name. Ensure the visibility of
    the name. Use a bigger size and formal font.
  • Include your contact details like mailing
    address, contact number, email address, and
    website link (if any). You can also add a
    personal logo to make your invoice look more

Contact Information of the Client
  • The next vital consideration of a formal invoice
    is the clients contact information. Below the
    header, specify the details of the recipient.
    Include your clients name, address, contact
    number, and other additional information.
  • Note that your contact information must be placed
    opposite to your clients contact details. Place
    your logo on the top-right and set your clients
    details on the left corner, below the header.

Invoice Details
  • Next up is invoice details. Mention the invoice
    information such as invoice number, invoicing
    date, and payment due date. Setting up a
    sequential invoice number helps your track all
    your transactions.
  • Specify payment terms in your invoice, specify
    your bank account details or payment options. If
    you want to get paid faster, mention the penalty
    fee for late payments. It may prompt your client
    to pay you earlier or, at least, on time.

Legalities for Formal Invoicing
  • Most small businesses are concerned about the
    legalities of their formal invoices. Formal
    invoices are considered legal and will stand in
    court when required. However, you may run into
    trouble if your invoice is considered fraudulent.
    For instance
  • When you invoice with a higher amount against the
    contracted price on goods or services.
  • When you include fraudulent charges in your
    invoice, such as fees on services you have not
    provided to your client.
  • An invoice is considered fraudulent in the eye of
    law when you request funds in the form of an
  • In a nutshell, keep your invoice precise and
    accurate. Breakdown the charges and include all
    the necessary key considerations mentioned in the
    article above.

Quick Tips to Successfully Invoice Your Clients
  • Sending manual invoices can hurt the image of
    your business. You can automate the invoicing
    process through online accounting
    software. is the 1 billing software
    for small businesses in India. Create invoices on
    our software to invoice companies successfully.
  • Sending manual invoices to huge companies might
    delay your payments. It is more likely that your
    paper invoice will get piled or lost. Instead,
    you can automate all your invoicing processes,
    payment reminders, reoccurring invoices, and
  • The image below is the demonstration of automated
    invoice templates on

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You can directly email the invoice to the client
on our accounting software. Automate reoccurring
invoices and payment reminders. Get paid on time
by sending invoices while the project is still
fresh in your clients mind. The software comes
with advanced features such as payment
registration for invoices. It allows your
customer to pay online from anywhere. It
increases your chances of getting paid
instantly. You can see the demonstration of the
same in the image below.
(No Transcript)
Sending e-invoices is an ideal way of practicing
professionalism in your business. Along with
creating invoices, also allows you to
create unique quotations concerning the
diversified businesses. You can also track time,
petty cash, and each transaction by using Are you planning to expand your small
business or register your freelance service? You
can also issue tax invoices on Imprezz GST
billing software.
Create Invoices GST Invoice Rules for Start-ups
in India
  • Although you can send formal invoices, it is
    limited to goods and services only. Any business
    with an annual turnover threshold exceeding five
    lakhs is required to register under VAT.
  • Likewise, businesses with a turnover exceeding
    the threshold limit of 40 lakhs in a financial
    year must follow the compulsory registration
    under GST. The GST law has now implemented the
    composition scheme for small businesses in India.
    Companies with a turnover of up to 1.5 crores are
    subjected to a lower tax amount under this
  • Only the registered companies must file goods and
    service tax e-invoice on purchases and sales.
    Otherwise, individuals can send formal invoices
    to a registered person or business without
    registering under GST.
  • For more information on GST invoice rules, GST
    invoice guide, and latest updates on GST
    invoicing templates, read this article.

Simple Procedure for GST Registration
  • Most businesses are increasingly registering
    under the GST scheme. The new returns filing
    system provides additional security and financial
    benefits to companies in India. Unlike the old
    procedures, even the registration process has
    been made easier.
  • You can quickly register your business or service
    under GST in just a few clicks. You can complete
    the whole registration process online and
    promptly obtain a registration number. GST had
    brought relief to start-ups and small businesses
    in India. Companies can now benefit from newly
    registering under the scheme.

  • In simpler words, yes, you can send regular
    invoices if you are a freelancer or sole
    proprietor. It is simply called as an official
    bill. However, the goal of most small businesses
    is to convert invoices into payments quickly.
    Create invoices through accounting software
    instead of excel or paper invoices.
  • You can get a glimpse of successful invoicing
    outcomes for freelogin to Imprezz accounting
    software. We are offering a 14 days free
    accounting software trial program for freelancers
    and small businesses across India. Try now!

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