Difference between retail invoice and tax invoice

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2013 We are registered dealer under dvat selling goods in delhi as well as inter state. We normally issue retail invoice charging 5% dvat for local sales to unregistered buyers. Recently a registered dealer who used to buy as unregistered dealer requested us to issue the invoice in his name. He said they don't want to claim input tax credit, so we issued them the retail invoice mentioning their name and tin no.
Now while reporting the sale, should we report this as made to a registered dealer or unregistered dealer as we did not issue tax invoice but only a retail invoice as issued to other unregistered dealers

CA UMESH DULAL

CA UMESH DULAL (Expert)
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07 November 2013 you may show the sales under retail sale without mentioning the TIN of dealers

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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08 November 2013 On sale of taxable goods one should collect tax and issue a tax invoice.A retail invoice is issued,while selling taxable goods in small quantities to consumers. In such cases permission is given to the convenience of traders and consumers,to mention gross value of traded goods,and also,TIN no of buyers is not required.A tax invoice is to be issued when a high value goods are sold(like TV,vehicles etc) to consumers,without TIN No.....mjk

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