Answer / anjana sehgal

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.

Answer / vasu

WE can claim ITC(Input Tax Credit) on Tax Invoice. Tax
Invoice is the invoice where Seller TIN no. can identify.
If the seller having no TIN no. then he has to issue
Retail Invoice.

Explain the role of working capital in capital budgeting?

1 Answers   Capital IQ,

---

what is primary cost category?

4 Answers  

---

hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?

0 Answers  

---

Rent paid out of your personal cash 3000 SAR

9 Answers  

---

what is fund flow statement??

2 Answers   Siemens,

---

What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?

0 Answers  

---

What is the difference between perpetual & periodic inventory system?

0 Answers  

---

v, An amount spent for inaguration of new factory building is A, revenue expenditure B, capital expenditure c, prepaid expenditure d, none of the above

1 Answers  

---

Tell me what are the three factors that can affect your cash flow and business profitability?

0 Answers  

---

what is bills payable and bills receivable?

3 Answers  

---

what is mean FOB?

4 Answers  

---

What is field status variant in SAP FI Module?

1 Answers   IBM,

---