Dear all,
pl tell me can we take input on retail invoice ( on production goods) if seller has TIN no and issue retail invoice like it
goods value 100
tax @ 5% 5
total 105,
pl tell now can we take input now .
although i know we dn't take input on retail invoice.
Input credit can be taken only on the basis of tax invoice. As retail invoice is issued to the consumer, no credit can be availed (even if TIN is mentioned) based on it I think.
No Dear, You cannot take Input credit of Retail Invoice,,
no you canot take input credit on retail invoices.
N J Suresh & Associates
Bengaluru
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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CCI
Pro
CAclubindia
