What is the Difference Between Retail Invoice & Tax
Invoice?
Answer Posted / 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 |
Post New Answer View All Answers
would gross expenditure vouch the correctness or otherwise of the given expenses?
What is the accounting treatment for finance lease in lessee's viewpoint?
when apply for ragistred in central excise no
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
is it necessasary to make a partnership deed
Expand--------AA
What is functional area,trading partner in sap fico
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
what is operational risk and market risk in basel 2 norms.
bill to addres? ship to addres? rimit to address?
How can a company reduce profit
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
What is re-financing in Letter of Credit settlement
How do you plan to achieve these goals
what is leverage n detail and tpoes of leverage with iagram?