What is the Difference Between Retail Invoice & Tax
Invoice?
Answers were Sorted based on User's Feedback
Answer / devender kumar
Retail invoice is issued to retailer means he can't takes tax input or final user.
Tax invoice used for taxation purpose and on it TIN and PAN also printed.
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Answer / himanshu
we take credit for retails but we does take the credit of
tax invoice
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Answer / rahul
basically the format of Tax Invoice/Retail invoice is same. but some difference show that Tax invoice or Retails invoice.
1. in tax invoice must show on bill seller tin number & purchaser tin number registered by sale tax department.
2.in tax invoice include tax amount in bill amount.
When registered dealer sale to unregistered dealer means (purchaser have not tin number) so this condition he issued Retails invoice.
a dealer registered when his business cross the T.O is 5 lac
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Answer / preeti sharma
In Retail Invoice TIN no is not required and is issued to the final consumer who does not make the sale proceeds
In tax invoice TIN no and everything should be considered seperately input tax credit can be claimed tax amount tax rate
gross amount net amount should be shown and is issued from dealer to dealer and enable to make the sale proceeds
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Answer / a a p
Retail Invoice : It is an invoice issued by a retailer to their customers.
Tax Invoice : It is an invoice issued by a wholesaler to a retailer or another wholesaler with all details of tax to have tax credit for them.
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Answer / seetu sharma
Tax invoice-This invoice is issued to those party who have TIN no and local sales, means state to state.
Retail invoice-This invoice issued to those party who have no TIN no. and central sales,means sale is out of states.
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Answer / i'm gc
Tax invoice is a document which has the details of tax paid to the supplier by the receiver. Here both the supplier and receiver are registered dealers having a TIN/CST.
Retail invoice is a document which has the details of tax paid by the end user or customer to the suppler or dealer. Here end user or customer is not registered and will not have TIN/CST.
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