Difference
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2009
Will someone explain the difference between tax invoice & commercial invoice and the accounting treatement for Sales Tax and Excise
Thanks
Will someone explain the difference between tax invoice & commercial invoice and the accounting treatement for Sales Tax and Excise
Thanks
29 December 2009
Hi Friend,
Tax invoice means shows all taxes and duties. Which is supply to customer along with materials and according to you will receive payment.
But in commercial Invoice sometimes all taxes and duties are not there. It is depend upon situation.Most of the time supplier are make such an Invoice for getting the payment from Bank after discounting.
Thanks
Ritu
Tax invoice means shows all taxes and duties. Which is supply to customer along with materials and according to you will receive payment.
But in commercial Invoice sometimes all taxes and duties are not there. It is depend upon situation.Most of the time supplier are make such an Invoice for getting the payment from Bank after discounting.
Thanks
Ritu
CMA Ramesh Krishnan
(Expert)
31 December 2009
Tax invoice only can be claim the Input
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