Invoice series
This query is : Resolved
28 March 2014
Hello,
We are dealing in E-Commerce business. We have a process of generating the invoices electronically. Presently in our brand we are maintaining two types of invoices- Tax invoice and Retail Invoice. These both invoices are generated within the same series. Suppose my first 100 invoices contains first 15 invoices of Tax then 16 & 17 Invoice of Retail and again 18 & 19 invoice of Tax and so on. Now i wanted to knw that do we need to maintain different series for Tax invoices and Retail invoices.
We are dealing in E-Commerce business. We have a process of generating the invoices electronically. Presently in our brand we are maintaining two types of invoices- Tax invoice and Retail Invoice. These both invoices are generated within the same series. Suppose my first 100 invoices contains first 15 invoices of Tax then 16 & 17 Invoice of Retail and again 18 & 19 invoice of Tax and so on. Now i wanted to knw that do we need to maintain different series for Tax invoices and Retail invoices.
28 March 2014
u need to maintain only tax invoices as per law...............
31 March 2014
In fact,retail invoices are also tax invoices only. The main difference is in a retail invoice tax can be included in the price(mrp).You may separate the retail and other tax invoices only for the purpose of calculating the vat collected in them,by a formula.....mjk
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