Is It Okay to Create Invoices Without Company Registration?

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Is It Okay to Create Invoices Without Company
Registration?

• https//www.imprezz.in/ Imprezz

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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.
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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
  actions.
• 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.

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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.

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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
  professional.

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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.

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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.

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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
  invoice.
• In a nutshell, keep your invoice precise and
  accurate. Breakdown the charges and include all
  the necessary key considerations mentioned in the
  article above.

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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. Imprezz.in 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
  more.
• The image below is the demonstration of automated
  invoice templates on Imprezz.in.

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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.
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Sending e-invoices is an ideal way of practicing
professionalism in your business. Along with
creating invoices, Imprezz.in also allows you to
create unique quotations concerning the
diversified businesses. You can also track time,
petty cash, and each transaction by using
Imprezz.in. Are you planning to expand your small
business or register your freelance service? You
can also issue tax invoices on Imprezz GST
billing software.
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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
  scheme.
• 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.

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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.

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Conclusion

• 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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