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Difference between tax invoice and retail invoice

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(Querist)
28 May 2010 What is the difference between TAX Invoice and RETAIL Invoice? Please explain briefly
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CA.Amit Revankar

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CA.Amit Revankar (Expert)
28 May 2010 Tax invoice is issued when indirect tax is charged on sale and same is indicated in invoice by any mode for eg. showing the tax amount directly or indicating in invoice that sale amount inclusive of tax, whereas retail invoice or cash memo are issued when no indirect tax is charged in invoice For eg Dealer exempted from tax or dealer is covered under composition scheme or any other reason.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
29 May 2010 In addition to above VAT credit can be availed only against TAX invoice.
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