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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
What is the Difference Between Retail Invoice &  Tax 
Invoice?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Retail Invoice is the normal invoice which does not include
tax and where the VAT/CST registrations are not mentioned.

Tax invoice includes the tax amount.
 
Is This Answer Correct ?    218 Yes 97 No
Surya Ramani
 
Answer
# 2
retail invoice is a simple selling customer & tax invoice
is a deal direct dealer to delear
 
Is This Answer Correct ?    137 Yes 60 No
Yajuvendra
 
 
 
Answer
# 3
RETAIL INVOICE, WE ARE DEDUCT ONLY CST & CASH BILL AND WHO
PERSON HAS NOT TIN NO. DEDUCT THE RETAIL INVOICE BILL.

TAX INVOICE: WE ARE DEDUCT ONLY LOCAL BILL, MEANS LOCAL
STATE BILL & PERSON HAS TIN NO.
 
Is This Answer Correct ?    104 Yes 36 No
Vir Ender Rana
 
Answer
# 4
In tax Invoice this is the compulsary requirement that the
party should have the same state and he must have TIN no.It
is Local Sale.

Retail Invoice is for Central Sales in which CST is not
must becoz those states like Silvassa etc where there CST
is not applicable are also liable to receive retail inviece.
 
Is This Answer Correct ?    74 Yes 31 No
Bhawna
 
Answer
# 5
Retail Invoice basically issued for which customer which has
no TIN No.

and Tax Invoice issued for which customer which has TIN No.
 
Is This Answer Correct ?    42 Yes 19 No
Manish Vatsaya
 
Answer
# 6
Retail invoice basically prepare for them whom established
businees in state and not having TIN No. and also prepare
for out of state party. Tax invoice prepare only for state
(Local sales) and party having TIN No.
 
Is This Answer Correct ?    34 Yes 17 No
Ashokbhai
 
Answer
# 7
RETAIL INVOICE LIKE CASH INVOICE WHICH IS NOT CONTAINED TIN
NUBMER WHEN TAX INVOICE CONTAINED TIN NUBMER WHICH IS
COMPULOSARY IF THE BUYER WANTS TO GET TAX CREDIT THEN THE
PARY HAVE TO GIVE TIN NUBMER AND SELLER ISSUE TAX INVOIC
OTHERWISE THE PARTY ISSUE RETAIL INVOICE IN BOTH CASE THE
PARTY HAVE TO PAY TAX ON GOODS IF OUT OF COUNTRY SALE OF
GOODS THEN IT IS RETAIL INVOICE THE BUYER DOES NOT GET TAX
CREDIT AND TAX INVOICE THE SELER HAVE TO GIVE THE DETAIL OF
TAX INVOICE IN THE FORM 201 AND SUBMIT TO THE RELATED TAX
DEPARTMENT
 
Is This Answer Correct ?    32 Yes 17 No
Vipul Chauhan
 
Answer
# 8
Retail Invoices prepared by the dealer when he want to make
transaction out of sates.Means only sate to stae
transactions agst 'C' form.If he is a registered Dealer.

Tax Invoices are Prepared by the Dealer when he want to
make transaction in its Local Area.Means in State only.
 
Is This Answer Correct ?    12 Yes 1 No
Neelam
 
Answer
# 9
Tax invoice is includes tax which payable to govt and
charged from customer by dealer.

retail invoice is included all taxes produced by retailer to
customer.

more details : http://akooby.com
 
Is This Answer Correct ?    8 Yes 3 No
Efunguru
 
Answer
# 10
Retail invoice- this is tax including invoice not mention
in invoice and tin no. also not mention in invoice. this
transaction between state to state.

Tax invoice- this is tax ex-cluding invoice and mention tin
no. of party. this tax charged to dealer and dealer paid to
dealer. and dealer pay tax in GOVT.
 
Is This Answer Correct ?    5 Yes 0 No
Vikram Das
 

 
 
 
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