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Tax invoice

Shivani (Learner) (1881 Points)

14 January 2016

Dear Friends

WHen we make interstate sales

for e.g. X of Punjab sells to Y of Haryana.

X registered in Punjab.

Y registered in Haryana.

then will X issue a tax Invoice or retail invoice.

regards

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57 Replies

Avinash Singh Rajpoot (1 Points)
Replied 14 January 2016

When goods are sold with the purpose of “resale” – tax invoice is issued, where as when the goods are sold to the final consumer retail invoice is issued.
Tax invoice is capable of availing input tax credit (credit on inputs, i.e. tax already paid at the time of purchase) as opposed to retail invoice which is not capable of availing input tax credit.
In case of goods sold to unregistered dealers within the state Retail Invoice is issued not the tax invoice.
Tax invoice contains a TIN number, but Retail invoice don’t.

So that you have to issue "Tax Inovoice".

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Ajit Hegde (CA - Final) (1367 Points)
Replied 14 January 2016

Should be retail invoice in my opinion. Concept being, purchaser cannot claim the benefit of input tax on a retail invoice. Even a sale to unregistered dealer is issued a retail invoice

mehak (self) (38 Points)
Replied 14 January 2016

For interstate sales its always Retail Invoicr. VAT invoice or call it Tax invoice is issued to a taxable prrson within the state.

mehak (self) (38 Points)
Replied 14 January 2016

For interstate sales its always Retail Invoicr. VAT invoice or call it Tax invoice is issued to a taxable prrson within the state.

Ankit Thakur (Article) (22 Points)
Replied 14 January 2016

Retail invoice should be issued tax invoice. Tax invoice only issued when we pass on tax credit...

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Bhupendra singh aswal (accountant) (21 Points)
Replied 14 January 2016

Tax invoice - within state to a registered dealer. Retail invoice- interstate registered dealer(out of state dealer). and also within state to unregistered dealer.