CAclubindia Forum : tax invoice

Pages : 1,

By : girish mangla
article clerk
[ Scorecard : 104]

ON : 3/24/2008 6:24:00 PM

please tell me what is the difference between Tax invoice , retail invoice & cash memo.

By : Anurag Kumar Agarwal (Guest)

ON : 3/26/2008 5:19:39 PM

Tax Invoice:

Tax Invoice is the invoice to be issued by a Regular VAT dealer to another Regualal VAT Dealer. A registered dealer who is buying vatable goods after payaing VAT then he will be able to claim Input VAT credit only on the basis of Tax Invoice.

Retail Invoice

Retail Invoice is the Invoice to be issued by the Registered VAT dealers to the End User i.e. consumers. Input Tax Credit can not be claimed on the basis of Retail Invoice.

Cash Memo

Cash Memo is generally issued for very small amount and the amount may differ according to the respective state VAT rules. Cash Memo is generally issued for the value less than Rs.500.00

PAGE 1,

Post your reply for : tax invoice
Note	Your not logged in . Reply posted by you will appear as Guest Posting
Your Name
Email :
Message
Verify Image Code

Forum for Chartered Accountants ,CAs India, CA India ,Company Secretary ,CS, Cost Accountants , MBA and Finance Professionals