Diffrence between invoice bill and bill of sale
This query is : Resolved
pavan jerald dsouza
(Querist)
20 December 2013
any one plzz inform me...
wat is the difference between invoice and bill of sale....in acvounting
MJ Krishnamurthy
(Expert)
20 December 2013
In common parlance both are same. But,inthe VAT laws they make a difference between them. An invoice is issued while selling taxable goods and when tax is collected. A bill of sale is issued while selling non-taxable goods and when tax is not collected in invoices.....mjk
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