Performa invoice means we can say quotation for approving
your quoted price for your selling item but commercial
invoice is prepared after getting approval of performa
invoice ; commercial invoice has two types 1) taxable
invoice and taxfree invoice.
Proforma Invoice is prepared before the Despatch of
Materials, and ll be sent to client for any other
clarifications and Advance Payments.
Invoice is prepared after the materials are ready for
Commercial Invoice and Invoice are Same.
Invoices are of 2 types : Proforma Invoice & Commercial
Normally, Proforma Invoice is prepared to get advance
payment from the customer before despatch of Materials.
On the other hand, Commercial Invoice is prepared after the
materials are despatched to the customer.
if we have charged vat @ 5% instead of 4% ,how can we
rectify that invoice ?we have already send that invoice to
our client and we have received that payment also .Invoice
Kindly advice on that .........