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Explain .
1. Retail Invoice.
2. Tax Invoice.
3. Commercial Invoice.
4. E1 Invoice.
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Answer / dipankar roy
Commercial Invoice :- -Document required by customs to
determine true value of the imported goods, for assessment
of duties and taxes. A commercial invoice (in addition to
other information), must identify the buyer and seller, and
clearly indicate the (1) date and terms of sale, (2)
quantity, weight and/or volume of the shipment, (3) type of
packaging, (4) complete description of goods, (5) unit value
and total value, and (6) insurance, shipping and other
charges (as applicable)
E1 Invoice:
E-1 sales.
In this 3 states/ parties are involved during the
transportation of goods. And as per the state tax laws, upon
entering each state, a central tax of 2% for each is state
is payable. However if the goods are redirected or endorsed
to a different party then to avoid multiple taxation, this
sale in transit is applied.
| Is This Answer Correct ? | 25 Yes | 1 No |
retail invoice:-
means the invoice which is issued for a retailr, is
called retail invoive
tax invoice
means the invoice which is issued for a custmor is
called tax invoice
and waiting for answer for rest.
| Is This Answer Correct ? | 31 Yes | 21 No |
Retail invoice is the invoice which is used when the goods
are purchased in retail form from the stores which includes
discription, quantity, rate, discount every thing will be
mentioned including of tax.
Tax invoice is the invoice in which all the tax detailes are
mentioned clearly.
commercial invoice is the general invoice which is prepared
by all the companies.
E-1 invoice is the invoice which is used by the parties from
different states used during transportation to avoid
multiple taxation.
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / prachi panadiwal
RETIAL INVOICE IS ISSUED BY RELAIER TO HIS CUSTOMER.
TAX INVCICE IN WHICH ALL THE TAXES (EXCISE DUTY, C.S.T. ,
VAT &SO ON) ARE THERE
COMMERCIAL INVOICE IN WHICE EXCISE DUTY IS NOT IMPLEID ONLY
C.S.T & VAT IS IMPLED.
E 1 INVICE IS ISSUED BY THE PARTY TO AVOID MULTIPLE TAXES
IN TRANSPORTATION LIKE ENTRY TAX.
| Is This Answer Correct ? | 7 Yes | 7 No |
Journal Entry:- Till taking for the months Rs 10000.
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Audit 
