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Difference between Tax Invoice and Commercial Invoice

Irshad (Article) (1426 Points)

12 September 2008

What is the difference between Commercial Invoice and Tax Invoice???

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16 Replies

Prabeer (B. COM (H) CA & CS Final) (5484 Points)
Replied 15 September 2008

Commercial Invoice: The seller's bill of sale for the goods sold, specifying type of goods, quantity and price of each type and terms of sale.

Tax Invoice: A document issued by a supplier which stipulates the amount charged for goods or services as well as the amount of Goods and Services on which tax payable.

P.N.Srivatsa (Working) (29 Points)
Replied 15 September 2008

Commercial Invoice and Tax invoice are the same. This includes various products with selling price and applicable taxes ( vat or cst etc.,). In general , for all local supplies the term commercial invoice will be used. In case of all outside supplies where all types of taxes are levied, the term tax invoice can be used. Conceptually, there is no difference.

Satyendra sahu (service) (216 Points)
Replied 15 September 2008

correct srivastava

Irshad (Article) (1426 Points)
Replied 16 September 2008

Thanks to all for the replies.

Chandra Sekhar P (G.M. Finance & Accounts) (116 Points)
Replied 20 September 2008

A commercial invoice can be raised by any seller.

A tax invoice could be given by registered dealer may be service tax provider, TIN (VAT) dealer, CENVAT dealer ( manufacturer, distributor, I or II stage dealers).

Sandip Mhatre (service) (33 Points)
Replied 21 September 2008

can i know how to file a vat return & there calculation atly

(Guest)

GUJARAT VALUE ADDED TAX BILL,2003 says in section 60, that the tax invoice should be provided by the seller "at the time of sale". This is not necessarily the time, when the commercial invoice would be issued. So I can't see, as P.N.Srivatsa states, that both invoices are the same. Correct me pls, if I'm wrong.

(Guest)

does a taxable supply under VAT Act 1994 include supplying commercial property

punit agrawal (Student) (27 Points)
Replied 13 January 2010

"Commercial Invoice and Tax invoice are the same. This includes various products with selling price and applicable taxes ( vat or cst etc.,). In general , for all local supplies the term commercial invoice will be used. In case of all outside supplies where all types of taxes are levied, the term tax invoice can be used. Conceptually, there is no difference."

IF THERE IS NO DIFFERENCE THEN PLS TELL ME, WHY THE VAT ACT REQUIRES TAX INVOICE ONLY & NO COMMERCIAL INVOICE OR CASH MEMO. 2nd THING IS WHY SOME COMPANIES ISSUING TAX INVOICE IN SIME CASE AND COMMERCIAL IN SOME OTHERS FOR SAME GOODS SOLD, & R NOT EVEN READY TO CHANGE IT TO TAX INVOICE AS REQUIRED BY VAT WHEN ASKED DURING AUDIT.

Vishnu (Manager) (33 Points)
Replied 04 April 2012

Commercial invoice is claim for payment.. Tax invoice may or may not be claim for payment.... In my opinion it is not the same

santosh Upadhyay (Employee) (90 Points)
Replied 21 March 2014

Originally posted by : Prabeer
	Commercial Invoice: The seller's bill of sale for the goods sold, specifying type of goods, quantity and price of each type and terms of sale. Tax Invoice: A document issued by a supplier which stipulates the amount charged for goods or services as well as the amount of Goods and Services on which tax payable.

I WANT INPUT ON COMM. INVOICE?

TAKE OR NOT?

karan jit singh (Consultant) (1299 Points)
Replied 21 March 2014

Tax invoice is the basic document backed for eligible of Input Tax Credit of Sales Tax .

karan jit singh (Consultant) (1299 Points)
Replied 29 May 2014

Tax onvoice is to serve for vat purpose used for local sales.. but retaill sale is usdd for interstate sqles

Ajeet Singh (Service ) (190 Points)
Replied 03 June 2014

Dear All, Commercial Invoice and performa invoices generally used in course of import and export of goods where there is not under section 5 of sales tax act. As we know there is not CST and VAT payable on sale of goods in course of export. Tax invoices can only issued to registered dealer under vat who are eligible to take credit of input vat because at the time of claiming ITC Sales tax authority ask us to show the original Tax Invoices after a case law under supreme court there is no ITC claimable in duplicate copy of tax invoice if you have lost your original tax invoice. Retail Invoice/Cash Memo generally issued to the ultimate user of goods who is not eligible to take the credit of ITC.