Tax invoice

Page no : 4

NARENDRA KUMAR T (Proprietor) (147 Points)
Replied 17 January 2016

If the seller is registered with commercial tax authorities wrt VAT and CST, then he should tax invoice where the following details to be included Seller details - Name, Address, date, TIN, AV, CST thereon Buyer - Name, address, date, TIN and shipment address if required Hope this is x clear

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NARENDRA KUMAR T (Proprietor) (147 Points)
Replied 17 January 2016

A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon

NARENDRA KUMAR T (Proprietor) (147 Points)
Replied 17 January 2016

A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon

NARENDRA KUMAR T (Proprietor) (147 Points)
Replied 17 January 2016

A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon

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NARENDRA KUMAR T (Proprietor) (147 Points)
Replied 17 January 2016

A dealer having Registration with Commercial Tax authorities with VAT and CST, he should issue Tax invoice thereon

Ashish Mehta (nothing) (49 Points)
Replied 18 January 2016

@ Shivani when the sale done within the state and the dealer is registered and we have to pass on the ITC then tax invoice will be issued but if the sale is interstate sale we can not pass on the ITC thats why we have to issue retail invoice for any interstate sale

Deepak sharma (Learner) (1431 Points)
Replied 19 January 2016

Retail Invoice

sagar (1) (43 Points)
Replied 19 January 2016

dear frnds, from the above discussion i agree with all your points regarding this question. but the answer given by avinash singh rajput stating that retail invoice donot have the tin number is wrong. even in retail invoice also seller should state the TIN number if the TIN number is not present it may become the fake one.

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 28 January 2016

Yes, Retail invoice shall be issued for interstate sales, interstate branch transfers...

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shalini (CA) (525 Points)
Replied 30 January 2016

What is the harm if tax invoice issued for inter state sale instead of retails invoice?

Shivani (Learner) (1881 Points)
Replied 31 January 2016

Dear Friends

From all your replies and from the reply i received from Experts Forum, i feel that Tax Invoice should be issued to a registered dealer and retail invoice should be issued to others in case of inter state sale.

the buyer cannot claim CST even if he has a Tax Invoice because law forbids.

A registered dealer will always like to have Tax Invoice with him for all purchases he make whether local or inter state.

A unregistered dealer will always have a Retail Invoice withi him for all purchases made by him whether local or inter state.

Regards

Sheela (Manager -Accounts) (51 Points)
Replied 31 January 2016

An invoice is an invoice. Please do not differentiate them as tax or retail or so. Every state has prescribed a pattern in their Vat Rules. Be sure to display the tin number of the buyer and seller and vat component in all your invoices irrespective of the status of the buyer.