Answer / dipankar roy

Commercial Invoice :- -Document required by customs to
determine true value of the imported goods, for assessment
of duties and taxes. A commercial invoice (in addition to
other information), must identify the buyer and seller, and
clearly indicate the (1) date and terms of sale, (2)
quantity, weight and/or volume of the shipment, (3) type of
packaging, (4) complete description of goods, (5) unit value
and total value, and (6) insurance, shipping and other
charges (as applicable)

E1 Invoice:
E-1 sales.
In this 3 states/ parties are involved during the
transportation of goods. And as per the state tax laws, upon
entering each state, a central tax of 2% for each is state
is payable. However if the goods are redirected or endorsed
to a different party then to avoid multiple taxation, this
sale in transit is applied.

Answer / gautam kumar

retail invoice:-

means the invoice which is issued for a retailr, is
called retail invoive

tax invoice

means the invoice which is issued for a custmor is
called tax invoice

and waiting for answer for rest.

Answer / ravindra

Retail invoice is the invoice which is used when the goods
are purchased in retail form from the stores which includes
discription, quantity, rate, discount every thing will be
mentioned including of tax.

Tax invoice is the invoice in which all the tax detailes are
mentioned clearly.

commercial invoice is the general invoice which is prepared
by all the companies.

E-1 invoice is the invoice which is used by the parties from
different states used during transportation to avoid
multiple taxation.

Answer / p.kumaresh

E-1 INVOICE

Answer / prachi panadiwal

RETIAL INVOICE IS ISSUED BY RELAIER TO HIS CUSTOMER.

TAX INVCICE IN WHICH ALL THE TAXES (EXCISE DUTY, C.S.T. ,
VAT &SO ON) ARE THERE

COMMERCIAL INVOICE IN WHICE EXCISE DUTY IS NOT IMPLEID ONLY
C.S.T & VAT IS IMPLED.

E 1 INVICE IS ISSUED BY THE PARTY TO AVOID MULTIPLE TAXES
IN TRANSPORTATION LIKE ENTRY TAX.

paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

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0 Answers  

What is an E-1 Sales.

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0 Answers