Difference

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2009
Will someone explain the difference between tax invoice & commercial invoice and the accounting treatement for Sales Tax and Excise

Thanks

R.DUTTA

R.DUTTA (Expert)
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29 December 2009 Hi Friend,
Tax invoice means shows all taxes and duties. Which is supply to customer along with materials and according to you will receive payment.
But in commercial Invoice sometimes all taxes and duties are not there. It is depend upon situation.Most of the time supplier are make such an Invoice for getting the payment from Bank after discounting.
Thanks
Ritu