"Dinesh Chhole Bhatoore wala" is a famous shop for selling tasty Chhole Bhatoore. Daily cash collection of the shop is more than ₹ 20,000. Dinesh runs the brand under a Company with name of DCB Pvt Ltd. To comply with va

To be able to accurately state income is important due to several reasons. Not only is it important to be able to assess the viability and strength of the business but it is also important that financial records neither overstate nor understate the incomes earned by the business. Overstating revenues subjects the business to additional tax costs whilst understatement of income can attract penalties on account of tax evasion. Ordinarily invoices must contain the following information heads: Name of issuing business Address of business Date of issue Serial No CIN (Company Identification No) if business is being run by a company Service tax, GSTIN, (if applicable) Description of goods, services as well as prices Details of taxes levied, if any Total invoice Value