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Invoice

This query is : Resolved 

06 July 2009 SIR,
WHAT IS THE DIFFERENCE BETWEEN TAX INVOICE & RETAIL INVOICE ?



06 July 2009 Difference between Tax Invoice & Retail Invoice required for the Purpose of VAT .

- Tax Invoice is required to be Prepared by a registered dealer under VAT having a TIN No,while selling the goods to another registered dealer having the TIN No.on which the purchasing dealer will get the Input Tax Credit

- But ,in case of billing to an unregistered dealer & to the retailer having Srin No. than a retail invoice is required to be prepared on which Input Tax Credit Can not be availed.

07 July 2009 Thanku


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