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What is the Difference Between Retail Invoice & Tax
Invoice?
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Answer Posted / 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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