( Author )
27 November 2011
While auditing the purchase of client we have seen that some paper is marked with "Challan" and some paper is marked with " Invoice/Tax Challan".
I want to know the difference between these two since both the challan and invoice contains the same information like consignor and consignee name, goods type, volume, value, duty , vehicle detail, Tin and ECC No. etc and same signatory.
Further I want to know Why the Challan is used?