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Difference between Tax Invoice and Commercial Invoice


What is the difference between Commercial Invoice and Tax Invoice???

 
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B. COM (H) CA & CS Final

 

Commercial Invoice:  The seller's bill of sale for the goods sold, specifying type of goods, quantity and price of each type and terms of sale.
 
Tax Invoice: A document issued by a supplier which stipulates the amount charged for goods or services as well as the amount of Goods and Services on which tax payable.

 
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Commercial Invoice and Tax invoice are the same. This includes various products with selling price and applicable taxes ( vat or cst etc.,). In general , for all local supplies the term commercial invoice will be used. In case of all outside supplies where all types of taxes are levied, the term tax invoice can be used. Conceptually, there is no difference.

 

 

 
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correct srivastava

 

 
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Thanks to all for the replies.

 
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G.M. Finance & Accounts

A commercial invoice can be raised by any seller.

A tax invoice could be given by registered dealer may be service tax provider, TIN (VAT) dealer, CENVAT dealer ( manufacturer, distributor, I or II stage dealers).

 
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can i know how to file a vat return & there calculation atly

 

 
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(Guest)

GUJARAT VALUE ADDED TAX BILL,2003 says in section 60, that the tax invoice should be provided by the seller "at the time of sale". This is not necessarily the time, when the commercial invoice would be issued. So I can't see, as P.N.Srivatsa states, that both invoices are the same. Correct me pls, if I'm wrong.

 

 
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(Guest)

does a taxable supply under VAT Act 1994 include supplying commercial property

 
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"Commercial Invoice and Tax invoice are the same. This includes various products with selling price and applicable taxes ( vat or cst etc.,). In general , for all local supplies the term commercial invoice will be used. In case of all outside supplies where all types of taxes are levied, the term tax invoice can be used. Conceptually, there is no difference."

 

 

 

 

 

IF THERE IS NO DIFFERENCE THEN PLS TELL ME, WHY THE VAT ACT REQUIRES TAX INVOICE ONLY & NO COMMERCIAL INVOICE OR CASH MEMO. 2nd THING IS WHY SOME COMPANIES ISSUING TAX INVOICE IN SIME CASE AND COMMERCIAL IN SOME OTHERS FOR SAME GOODS SOLD, & R NOT EVEN READY TO CHANGE IT TO TAX INVOICE AS REQUIRED BY VAT WHEN ASKED DURING AUDIT.

 

 

 
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