Glossary

A list of commonly used terms related to Razorpay Invoices.


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

TermDefinition
InvoiceAn 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.
GSTINGST Identification Number
CINCorporate Identity Number
IGSTIntegrated Goods and Service Tax
SGSTState Goods and Service Tax
CGSTCentral Goods and Service Tax
Expiry DateThe Expiry Date is the date after which the customer cannot pay for the invoice.
Issue DateThe Issue Date is the date on which an invoice is issued and sent to the customer.
Billing AddressThe 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 AddressThe 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 SupplyThe Place of Supply is the name of the state or the union territory to which the ordered item will be delivered.
HSN CodeHarmonized System of Nomenclature code of a particular class of item/service under GST. HSN code is 8-character long
SAC CodeService 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 RateThe Tax Rate is the rate of tax applicable for a particular class of item as per the HSN/SAC code.
Unit PriceThe Unit Price is the price of a single item.
Payment LinkA 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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