Menu
Tax invoice
If the seller is registered with commercial tax authorities wrt VAT and CST, then he should tax invoice where the following details to be included
Seller details - Name, Address, date, TIN, AV, CST thereon
Buyer - Name, address, date, TIN and shipment address if required
Hope this is x clear
If the seller is registered with commercial tax authorities wrt VAT and CST, then he should tax invoice where the following details to be included
Seller details - Name, Address, date, TIN, AV, CST thereon
Buyer - Name, address, date, TIN and shipment address if required
Hope this is clear
A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon
A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon
A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon
A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon
@ Shivani when the sale done within the state and the dealer is registered and we have to pass on the ITC then tax invoice will be issued but if the sale is interstate sale we can not pass on the ITC thats why we have to issue retail invoice for any interstate sale
Retail Invoice
dear frnds,
from the above discussion i agree with all your points regarding this question.
but the answer given by avinash singh rajput stating that retail invoice donot have the tin number is wrong.
even in retail invoice also seller should state the TIN number
if the TIN number is not present it may become the fake one.
Yes, Retail invoice shall be issued for interstate sales, interstate branch transfers...
What is the harm if tax invoice issued for inter state sale instead of retails invoice?
Dear Friends
From all your replies and from the reply i received from Experts Forum, i feel that Tax Invoice should be issued to a registered dealer and retail invoice should be issued to others in case of inter state sale.
the buyer cannot claim CST even if he has a Tax Invoice because law forbids.
A registered dealer will always like to have Tax Invoice with him for all purchases he make whether local or inter state.
A unregistered dealer will always have a Retail Invoice withi him for all purchases made by him whether local or inter state.
Regards
An invoice is an invoice. Please do not differentiate them as tax or retail or so. Every state has prescribed a pattern in their Vat Rules. Be sure to display the tin number of the buyer and seller and vat component in all your invoices irrespective of the status of the buyer.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
