Interested to Buy Any Domain ? << Click Here >> for more details...
what is tax invoice and retail invoice
- 2 Answers
- 12022 Views
- IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Tax invoice is one which is issued by registered dealer of
vat to the purchaser in respect of sale of those item on
whish vat is charged & hence if purchaser is also a
registered dealer of vat(if he has TIN No.), he can claim
the credit of vat passed on to him by registered saller
through issue of Tax invoice.For taking input of vat it is
mandatory as per vat act that seller shall issue tax
invoice.Tax invoice contain a TIN No i.e Tax Identification
No. issued by the authority to the dealer.
Retail invoice is one against which input of vat credit
can't be taken & is issued by seller to those dealers who
do not have tin no or to whom who cannot take credit of tax
for any other reason.
| Is This Answer Correct ? | 25 Yes | 3 No |
what is accpunting ? What is intangible Accounting? What is Gross profit ? what is Net profit?
what do u mean by profit prior to incorporation
what is forex management?
if accounting year is 2010-11 which will be the assessement year.
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
define cost control?
why profit is a liability and loss is an asset?
How to show Airticket Expense on Company's A/c as Company expense
what is the difference between depreciation in account books and depreciation as per income tax act
entry of salary after deducting esi and pf
what is the method deposit of wct in Delhi
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
Audit 
