Answer Posted / anjana sehgal
Tax invoice is one which is issued by registered dealer of
vat to the purchaser in respect of sale of those item on
whish vat is charged & hence if purchaser is also a
registered dealer of vat(if he has TIN No.), he can claim
the credit of vat passed on to him by registered saller
through issue of Tax invoice.For taking input of vat it is
mandatory as per vat act that seller shall issue tax
invoice.Tax invoice contain a TIN No i.e Tax Identification
No. issued by the authority to the dealer.
Retail invoice is one against which input of vat credit
can't be taken & is issued by seller to those dealers who
do not have tin no or to whom who cannot take credit of tax
for any other reason.
Is This Answer Correct ? | 25 Yes | 3 No |
Post New Answer View All Answers
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
How to pass journal entry of gifts purchased for employee by using campany ATM card
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
bank releted question interviw plz tel me
What are the features of financial accounting?
How can I put Bank Guarantee Receipt entry in Tally ERP9?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
What qualification do you need to become an accounting professional?
Let me know the liability positions of Partners
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
Please provide me the entire format of P.F. & ESI
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
What are its characteristic features of financial accounting?