Explain .
1. Retail Invoice.
2. Tax Invoice.
3. Commercial Invoice.
4. E1 Invoice.
- 5 Answers
- 37035 Views
- DELL, Deloitte, Uninor, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
A company issues new debentures of Rs.2 million, at par; the net proceeds being Rs.1.8 million. It has a 13.5 per cent rate of interest and 7 years maturity. The company’s tax rate is 52 per cent. What is the cost of debenture issue? What will be the cost in 4 years if the market value of debentures at that time is Rs.2.2 million?
WHAT ARE THE DISTINGUISH BETWEEN ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE
What is the Meaning of Value Date in Bank Statement ?
how to prepare trial balance?
what is accural
ACCOUNTING CONCEPTS AND CONVENTIONS
what is cost center & cost categories in tally
20. Between educational qualification and practical work experience, give us a brief explanation on your practical experience in your past Endeavour that you performed well to the satisfaction of your past or present employer?
1 Answers Dodsal, Swil, Tesla,
Dear Sir, I have bought a vehicle the show room price is Rs.921700, Registration Rs.60000 Parking Charges Rs.5000 Please let me suggest What is assets value?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
please tell me what is journal entry for salary: Gross Salary 10000 and net salary 75000.
WHAT IS SHARE OPTION OUTSTANDING ACCOUNT??
1 Answers National Institute of Food Technology Entrepreneurship and Management NIFTEM,
Audit 
