difference between tax invoice and retail invoice
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Answer / shivam tiwari
Tax invoice is a very important document. A registered dealer selling goods to another registered dealer shall issue tax invoice so that purchaser should be able to claim the VAT (ITC). A tax invoice should contain the complete details about selling as well as purchasing dealer
Whereas
A retail invoice is an invoice issued by registered dealers for all sales where a tax invoice is not authorized to be issued. Retail invoice shall be issued for interstate sales, interstate branch transfers and exports.
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Answer / mahi
1.Tax invoice:Under VAT, tax invoice is a very important document. A registered dealer selling goods to another registered dealer shall issue tax invoice.
2.Retail invoice A retail invoice is an invoice issued by registered dealers for all sales where a tax invoice is not authorized to be issued. It would not be necessary to issue retail invoice for the sale value is less than rupees one hundred.
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