Document background
Commercial Invoice And Proforma Invoice documents are essential business instruments in Australian commerce, serving distinct but related purposes. The Commercial Invoice represents a formal payment demand for delivered goods or services, while the Proforma Invoice acts as a binding quote before the actual transaction. Both documents must comply with Australian taxation requirements, including GST regulations under the A New Tax System (Goods and Services Tax) Act 1999, and international trade standards when used for export/import. These documents typically include detailed product or service descriptions, pricing, payment terms, and party information, serving as crucial evidence for accounting, tax, and customs purposes. They are particularly important in international trade scenarios where they facilitate customs clearance and provide documentation for foreign exchange transactions.
