what is difference between tax invoiced & retail invoice
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Answer / saurabh sharma
tax invoice have a tin no but retal invoce is a ptutker
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / loka mithra m.r
Ans. As per state wise VAT Act these two type of invoices are issued by seller to purchaser. Tax Invoice- This is issued to registered VAT dealer only or who have TIN no. On the basis of Tax Invoice purchaser can take the credit of VAT paid while discharging his VAT liability. Retail Invoice- This is issued to unregistered VAT dealer only or who have not TIN no.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / haribabu
A TAX INVOICE SHOULD CONTAIN THE COMPLETE DETAILS ABOUT
SELLING AS WELL AS PURCHASING DEALER. THE INVOICE SHOULD
ALSO CONTAIN DETAILS ABOUT SELA WITH DESCRIPTION OF GOODS,
QUANTITY, RATE PER UNIT AND TOTAL VALUE OF GOODS. RETAIL
INVOICE SHOULD CONTAIN THE SAME DETAILS IN TAX INVOICE
EXCEPT TIN OF PURCHASER. A RETAIL INVOICE MAY ALSO FORMATE
FOR TAX INVOICE. BUT ON THE TOP OF THE INVOICE, INSTEAD OF
TAX INVOICE, RETAIL INVOICE SHOULD BE PRINTED.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / akarun52
Tax Invoice used for local Sale within state and retail
invoice used for central sale.
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / devi singh
Tax invoice is related to all taxes and retail invoice is
related to all sales goods.
| Is This Answer Correct ? | 1 Yes | 7 No |
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