Tax invoice & retail invoice

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Shailesh satvara

Shailesh satvara (Querist)
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08 January 2010 Sir,

what is Diffrence of Tax invoice & Retail Invoice pl brief knowledge of This topic

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)
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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

Bhavesh

Bhavesh (Expert)
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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