Difference Between Retail Invice & Tax Invoice

Save Share

This query is : Resolved

Murtaza I Bhagat (Querist)
Follow

13 August 2009 Pls sirs,

1) Guide me the Difference of Retail Invoice & Tax Invoice under GVAT
2) Tell me Which Business gets/Collect TAX from Retail Invoice under GVAT
3) Guide me for Manufacturers,Traders, Dealers,Whollseller,Retailers etc.. Guideline of GVAT..

Pls sirs guide me on this Huge Discussion
if you will give this Guideance in regular interval, I also been thankful to all of you.

Thanks a lot for give time for me in advance
take care

Nikhil Kumar

Nikhil Kumar (Expert)
Follow

13 August 2009 Retail Invoice - for sales made to persons who dont have TIN.... general consumers
Tax Invoice- for sales made to persons/parties having TIN

Murtaza I Bhagat

Murtaza I Bhagat (Querist)
Follow

14 August 2009 Thanks for reply
I really appreciate your reply if you give me other 2 queries reply and many more on this query

Thanks a lot for your time

Ankur Garg

Ankur Garg (Expert)
Follow

14 August 2009 Agree with Nikhil.

CA Binal Shah

CA Binal Shah (Expert)
Follow

14 August 2009 Hi,
Ans-1) Agree with nikhil. One more dif is that if u get retail invoice, u can not claim credit on that invoice. If u want to claim credit, u must hv tax invoice.

Plz explain what u want to ask in Que.-3

Murtaza I Bhagat

Murtaza I Bhagat (Querist)
Follow

14 August 2009 Thanks Binal shah,
Que -3 is about types which follow by Manufacturers,Dealer,Trader,Whollseller & Retailers.
I am asking about VAT diffence between this Typologies.i.e VAT Structure

I think VAT Rules will be difference to follow between these different typologies.

Thats why I am Confused

So pls Clarify me to sort out Problems to Understand.

Thanks for reply in advance

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now