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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
