Vouching
This query is : Resolved
27 May 2014
sir, i am doing audit of manufacture unit,
there are many type of invoice i found like, tax invoice, retail invoice, delivery challan, challan, etc what is the meaning of these bills????,, if any more bills with your knowledge then also say me about that....
there are many type of invoice i found like, tax invoice, retail invoice, delivery challan, challan, etc what is the meaning of these bills????,, if any more bills with your knowledge then also say me about that....
02 June 2014
Dear NK Shiyani
In manufacturing industry lots of order are sent on daily basis, so what the company often does, they send the finished goods via delivery challan which contains the information of consigner , consignee,type of goods & total quantity of goods etc & thereafter invoice are issued to the purchaser & u can reconcile the invoice with challan(for quantity , type of goods , purhcaser etc.)from vouching point of view.
Tax invoice is issued for getting the Input credit because without tax invoice buyer can't take the credit of duty paid & Retail invoice is issued when the buyer can't take the benefit of input credit which u can see where no tax is charged by the invoice or CST charge by the seller.
Regards
Pradeep Kumar
In manufacturing industry lots of order are sent on daily basis, so what the company often does, they send the finished goods via delivery challan which contains the information of consigner , consignee,type of goods & total quantity of goods etc & thereafter invoice are issued to the purchaser & u can reconcile the invoice with challan(for quantity , type of goods , purhcaser etc.)from vouching point of view.
Tax invoice is issued for getting the Input credit because without tax invoice buyer can't take the credit of duty paid & Retail invoice is issued when the buyer can't take the benefit of input credit which u can see where no tax is charged by the invoice or CST charge by the seller.
Regards
Pradeep Kumar
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
