Retail sale in vat
This query is : Resolved
Guest
Guest
(Querist)
31 January 2014
Is it needful to Charge Additional duty in VAT even in case of Retail sales..??
What is the key difference between Tax Invoice and Retail Invoice..??
Plz let me know..!!
Thanks in Advance..
What is the key difference between Tax Invoice and Retail Invoice..??
Plz let me know..!!
Thanks in Advance..
Vishnu Saboo
(Expert)
20 February 2014
in certain conditions an invoice heading is decided whether it is "retail" or "Tax".
i.e. if sale made within state to a registered dealer above Rs. 100, invoice heading must be "Tax-invoice".
if sale made within state to a unregistered dealer, invoice heading must be "Retail-invoice".
if sale made outside state to a dealer, invoice heading must be "Retail-invoice".
etc.
you must refer the invoice related section of ur state VAT Act.
i.e. if sale made within state to a registered dealer above Rs. 100, invoice heading must be "Tax-invoice".
if sale made within state to a unregistered dealer, invoice heading must be "Retail-invoice".
if sale made outside state to a dealer, invoice heading must be "Retail-invoice".
etc.
you must refer the invoice related section of ur state VAT Act.
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