Tax invoice & retail invoice
This query is : Open
Shailesh satvara
(Querist)
08 January 2010
Sir,
what is Diffrence of Tax invoice & Retail Invoice pl brief knowledge of This topic
what is Diffrence of Tax invoice & Retail Invoice pl brief knowledge of This topic
CA Gangadhar Mishra
(Expert)
08 January 2010
1.Tax Invoice-to be issued to a regd. dealer,trader, who have TIN,
Retail invoice- to the consumer who is not in trade,
2.VAT cr is allowed only on producing Tax invoice not on Retail Invoice.
3.Anybody can issue a Retail invoice but a regd dealer olny can issue a Tax Invoice
Retail invoice- to the consumer who is not in trade,
2.VAT cr is allowed only on producing Tax invoice not on Retail Invoice.
3.Anybody can issue a Retail invoice but a regd dealer olny can issue a Tax Invoice
08 January 2010
Retail invoice is the invoice provided by the retailers to the final customers.
When such a retail invoice includes VAT or Service tax then it is called tax invoice.
Also Tax invoice can be given by manufactures also to the wholesaler/distributor by including Central Excise.
In short, an invoice which contains any indirect tax levied is called a tax invoice
When such a retail invoice includes VAT or Service tax then it is called tax invoice.
Also Tax invoice can be given by manufactures also to the wholesaler/distributor by including Central Excise.
In short, an invoice which contains any indirect tax levied is called a tax invoice
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