HOW TO PREPARE CONSTRICTION SITE BILL INVOICE ???
The bill carries details about the specification, Unit of measurement,
quantity, rate and amount. Apart from these there is a tax component, which may
not be shown in the bill abstract. The tax component may be for the entire
amount of bill raised or for certain item of work. While we submit the bill to
the client, the tax component has to be added and we have to raise a claim for
the entire amount. The Invoice is the claim put forward by the contractor for
the item of work executed as per the agreement along with the taxes/duties as
applicable.
If the tax component is for the entire bill value then
its shown in the invoice itself. If the tax component is for certain item of
work then there should be separate working sheet attached clearly showing the
applicable taxes and the same has to be reflected in the invoice.
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