What is the Difference Between Retail Invoice & Tax
Invoice?
Answers were Sorted based on User's Feedback
Answer / surya ramani
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 ? | 249 Yes | 116 No |
Answer / yajuvendra
retail invoice is a simple selling customer & tax invoice
is a deal direct dealer to delear
| Is This Answer Correct ? | 153 Yes | 70 No |
Answer / vir ender rana
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 ? | 116 Yes | 40 No |
Answer / bhawna
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 ? | 82 Yes | 34 No |
Answer / manish vatsaya
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 ? | 49 Yes | 21 No |
Answer / ashokbhai
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 ? | 41 Yes | 19 No |
Answer / neelam
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 ? | 16 Yes | 3 No |
Answer / vipul chauhan
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 ? | 33 Yes | 21 No |
Answer / vikram das
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 ? | 8 Yes | 1 No |
Answer / efunguru
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 ? | 10 Yes | 4 No |
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