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What is the Difference Between Retail Invoice & Tax
Invoice?
- 37 Answers
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Answer / daniyal
retail and tax invoice both will be tax displayed but retail
invoice the purchser can not get benefit of tax and tax
invoice the purchser get tax benefit there is major
different in retail and tax invoice.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / prashant
Retail Invoice is the normal invoice which does not include
tax and where the VAT/CST registrations are not mentioned.OR
cash sale
when sale in local with tax that's called tax invoice and
registration no. mentioned mandatory.
| Is This Answer Correct ? | 2 Yes | 0 No |
retail and tax invoice both will be tax displayed but retail
invoice the purchser can not get benefit of tax and tax
invoice the purchser get tax benefit there is major
different in retail and tax invoice.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / amreen
RETAIL INVOICE, WE ARE DEDUCT ONLY CST & CASH BILL AND WHO
PERSON HAS NOT TIN NO. DEDUCT THE RETAIL INVOICE BILL.
TAX INVOICE: WE ARE DEDUCT ONLY LOCAL BILL, MEANS LOCAL
STATE BILL & PERSON HAS TIN NO.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / a.balaji
RETAIL INVOICE LIKE CASH INVOICE WHICH IS NOT CONTAINED TIN
NUBMER WHEN TAX INVOICE CONTAINED TIN NUBMER WHICH IS
COMPULOSARY IF THE BUYER WANTS TO GET TAX CREDIT THEN THE
PARY HAVE TO GIVE TIN NUBMER AND SELLER ISSUE TAX INVOIC
OTHERWISE THE PARTY ISSUE RETAIL INVOICE IN BOTH CASE THE
PARTY HAVE TO PAY TAX ON GOODS IF OUT OF COUNTRY SALE OF
GOODS THEN IT IS RETAIL INVOICE THE BUYER DOES NOT GET TAX
CREDIT AND TAX INVOICE THE SELER HAVE TO GIVE THE DETAIL OF
TAX INVOICE IN THE FORM 201 AND SUBMIT TO THE RELATED TAX
DEPARTMENT
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sonu kumar
Tax Invoice - Under the VAT Act Tax Invoice is the very
important Document. it is printed in Triplicate one for
purchaser 2nd for Transporter and 3rd is retained by
supplier. a tax invoice create tax liability to supplier as
well as Input credit for purchaser. normally tax invoice is
issued by registered supplier to registered purchaser. A Tax
Invoice Contained Following Information :-
1.Supplier and Purchaser Name and Address
2. TIN no of supplier and purchaser
3.Invoice no
4. Date
5.Material Description,
6.Authorized Signature of Supplier and Purchaser
7.Term and condition of Payment and Delivery
8.Excise no and Service tax no if required
Retail Invoice :- Retail invoice is issued to Last consumer
it may contain all information like tax invoice. if Retail
invoice contains TIN no and and VAT is charged then it is
Deemed as tax invoice. retail invoice is also issued in case
of Inter state sales and export.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ashish chandel
Tax invoice is a very important document.A registered dealer selling goods to another registered dealer shall issue tax invoice.
retail invoice should contains the same details in tax invoice
except TIN of purchaser.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sanjeet gupta(accountant)
Retail invoice is issued to a unregistered dealer who has no tin no in same state .In out state it issue to a registered dealer who have tin no against c form.
Tax invoice is issue to registered dealer who have tin no in same state
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amar
tax invoice is ghanta and retail invoice is ghantuuuuu thik
se bhai chice ghanta or ghantuuuuuuuuu
| Is This Answer Correct ? | 2 Yes | 2 No |
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