Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between tax invoiced & retail invoice
- 5 Answers
- 8761 Views
- Integra, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
Explain what does the standard journal entry includes?
Define depreciation and its types?
How do you add/remove a payment block for particular invoice ?
WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.
Please let me know Under head of Sales Advance?
What is executive accounting?
Why did you select accounting as your profession?
Tell me what is trial balance in accounting?
How is the accounting for lease transactions done?
What is journalizing? What are the columns of a journal?
Tell me how many types of business transactions are there in accounting?
Financial Accounting
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
What is mean by Asset area?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
