Difference Between Tax Invoice and reatail Invoice ?

Answer Posted / md sultan raza

tax invoice is issued by a registered dealer to a register
dealer.it shows the amount of tax seperately.in tax invoice
buyer can claim tax input credit.
retail invoice is used where amount of sales is very small
in number.tax is included in the amount charged.in retail
invoice buyer can not avail the tax input credit.

Is This Answer Correct ?    12 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

would gross expenditure vouch the correctness or otherwise of the given expenses?

1588


what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

1555


What is combination?

1647


Which Invoice issued on Central Sale Commercial or Retail?

1584


Short Answer on ________Accounts Payables

1508






what is pre post expenses

3940


Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry

1500


EXPAND______________IARCS

1490


what is absorbtion coasting?

1844


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

1960


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

1726


When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

1773


Define the word Profit in terms of business

1693


cash sales and credit sales both are asset or liability?

1003


plz tell me the finance questions asked in hsbc latest question asked in hsbc?

1533