API ReferenceIntegrationsKnowledge Base

Glossary

The following table lists all the commonly used terms and their definitions used in Invoices:

Term

Definition

Invoice

An Invoice is a digital document that summarises the details of an order or a transaction and allows customers to initiate payments. A typical invoice contains sale transaction information such as the name of the ordered products or services, quantities, price breakup, receipt number, customer information and so on.

GSTIN

GST Identification Number

CIN

Corporate Identity Number

IGST

Integrated Goods and Service Tax

SGST

State Goods and Service Tax

CGST

Central Goods and Service Tax

Expiry Date

The Expiry Date is the date after which the customer cannot pay for the invoice.

Issue Date

The Issue Date is the date on which an invoice is issued and sent to the customer.

Billing Address

The Billing Address is the address of the customer to be used for billing purposes. The Billing Address and Shipping Address may or may not be the same for a customer.

Shipping Address

The Shipping Address is the address of the customer to which the ordered item will be shipped. The Billing Address and Shipping Address may or may not be the same for a customer.

Place of Supply

The Place of Supply is the name of the state or the union territory to which the ordered item will be delivered.

HSN Code

Harmonized System of Nomenclature code of a particular class of item/service under GST. HSN code is 8-character long

SAC Code

Service Accounting Codes (SAC) of a particular class of item/service under GST. The character range of a SAC code can be from 2-6 characters.

Tax Rate

The Tax Rate is the rate of tax applicable for a particular class of item as per the HSN/SAC code.

Unit Price

The Unit Price is the price of a single item.

Payment Link

A short URL added in the invoice notifications that are sent to the customers via email or SMS. The customers can click the link to make online payments.

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