Interested to Buy Any Domain ? << Click Here >> for more details...
difference between retail invoice & tax invoice
- 6 Answers
- 22606 Views
- MAHINDRA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chintan joshi
Tax Invoice:
When a company sells a product to distributor or any person
in the supply chain but not the end user then Tax invoice is
generated because it is going to be resold. To issue a Tax
Invoice the person who purchases a product must have TIN
(Tax Identification Number).
Retail Invoice:
When an end user of the product is purchasing then consumer
receives the retail invoice.
Main and straight difference between Tax Invoice and Retail
Invoice is Tax invoice is entitled to Input Tax Credit in
(VAT) whereas Retail Invoice is not because product is not
going to be resold by consumer.
| Is This Answer Correct ? | 59 Yes | 7 No |
Answer / biswanath
retail invoice is a simple selling customer where the tax
amount not refundable & tax invoice is a deal direct dealer
to delear where the tax amount refundable.
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / prashant mundhra
RETAIL INVOICE:- ISSUED AGAINST CENTRAL SALE(INTERSTATE
SALE), CASH SALE, DIRECT CONSUMER SALE (LOCAL & CENTRAL),
BILLING WITHOUT TIN OF THE LOCAL CUSTOMER.
TAX INVOICE:- ISSUED AGAINST LOCAL REGISTERED CUSTOMER IF
PROVIDING HIS TIN NO.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / deepak
RETAIL INVOICE:WHEN THE SALE OF GOODS TO UNREGISTERD DEALER
LOCAL STATE OR REGISTER DEALER OF OTHER CENTRAL STATE, THAN
MAKE A RETAIL INVOICE
TAX INVOICE: WHEN THE SALE OF GOODS TO LOCAL REGISTERD
DEALER THAN MAKE A TAX INVOICE NOT OTHERS DEALER
| Is This Answer Correct ? | 11 Yes | 5 No |
Answer / bhaskar
We can make one series Tax and Retail invoice like 1 retail,2 tax invoice ,3 Retail.
Please reply
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / ravi
Tax Invoice:- When sale is made to a Local Registered
Dealer by a Registered Dealer, then Tax Invoice is issued.
Retail Invoice:- For any other kind of sale Retail Invoice
is issued.
| Is This Answer Correct ? | 4 Yes | 9 No |
Expand----------CPC
it is better to invest in which securities short term/long term or both? please reason4 the same
EXPAND___________NSA
what are the differences between Tally and Focus?
40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000
state the term red ink interest. what is annuity method ?
1 Answers DMI-St EUGENE University,
what is bond and what is debentures
what is gross profit?
what is sevice tax? on what service tax is applicable. explain with examples?
service tax form no ? What is CC Limit ? What is branch accounts?
let me know the difference between statement of affairs and balance sheet
Who are called as partners
Audit 
