Invoice
This query is : Resolved
06 July 2009
SIR,
WHAT IS THE DIFFERENCE BETWEEN TAX INVOICE & RETAIL INVOICE ?
WHAT IS THE DIFFERENCE BETWEEN TAX INVOICE & RETAIL INVOICE ?
06 July 2009
Difference between Tax Invoice & Retail Invoice required for the Purpose of VAT .
- Tax Invoice is required to be Prepared by a registered dealer under VAT having a TIN No,while selling the goods to another registered dealer having the TIN No.on which the purchasing dealer will get the Input Tax Credit
- But ,in case of billing to an unregistered dealer & to the retailer having Srin No. than a retail invoice is required to be prepared on which Input Tax Credit Can not be availed.
- Tax Invoice is required to be Prepared by a registered dealer under VAT having a TIN No,while selling the goods to another registered dealer having the TIN No.on which the purchasing dealer will get the Input Tax Credit
- But ,in case of billing to an unregistered dealer & to the retailer having Srin No. than a retail invoice is required to be prepared on which Input Tax Credit Can not be availed.
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