A person having TIN no. is still making sale against retail invoice. Why can't he makes sale against Tax invoice?
girish mangla (practice) (206 Points)
24 March 2008A person having TIN no. is still making sale against retail invoice. Why can't he makes sale against Tax invoice?
Tax Invoice can only be issued to another Registered VAT Dealer, who is going to claim tax paid on Tax Invoice as Input VAT.
If a VAT Dealer having TIN number is dealing with another registered VAT Dealers and End Users i.e. consumers then he will issue Tax Invoice to Registered VAT Dealer and Retail Invoice to Consumer.
sonu
(Accountant)
(41 Points)
Replied 27 March 2008
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
