Dear Sir,
Thanks to this Forum, I came to know the difference between Bill of Sale and Tax Invoice.
Is there any Format prescribed by VAT Act for Tax Invoice?
Thanks and Regards,
K.Balaji
3 Replies
VARUN
(PCC STUDENT)
(523 Points)
Replied 21 September 2009
as such there is not a particular format of a Tax Invoice but it mainly contains but tin no. is necessary to be there in the bill and there must be a tax invoice written on it .. which makes it different from retail invoice ...............
(Guest)
There are two types of invoices first retail invoice and second vat invoice . Retail invoice issued to customer who dont have tin no so they cant claim input credit from them. vat invoice issued to customer who hve tin no and they cn claim input credit from the bill..in vat invoice write the line input tax is availble on that invoice
amit jain
(Chartered Accountant)
(532 Points)
Replied 01 October 2009
there has been no strict format prescribed by the govt. but a guidance has been provided in wt all details a invoice need yo contains:
namely : name and address
vat & cst no.
bill no , date column for vat/cst.
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