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Guest (Guest)     08 June 2009

Tax/Retail Invoice

 Friends, 

Can u explainthe concept of Tax/Retail Invoice? 



 8 Replies

A V Vishal (Advocate)     08 June 2009

Tax Invoice:

When a company sells a product to distributor or any person
in the supply chain but not the end user then Tax invoice is
generated because it is going to be resold. To issue a Tax
Invoice the person who purchases a product must have TIN
(Tax Identification Number).

Retail Invoice:

When an end user of the product is purchasing then consumer
receives the retail invoice.

Main and straight difference between Tax Invoice and Retail
Invoice is Tax invoice is entitled to Input Tax Credit in
(VAT) whereas Retail Invoice is not because product is not
going to be resold by consumer.

Guest (Guest)     08 June 2009

 More than what i wanted to know. Tx, Tx a lot for such a colmplete explanation. Rgds,

Guest (Guest)     08 June 2009

 Further, can  a dealer who has applied for TIN Registration issue a Tax Invoicve? 

Haresh (Student)     08 June 2009

The dealer can issue Tax Invoice, subject to mentioning in the Invoice that "TIN Regn.is applied for"

A V Vishal (Advocate)     08 June 2009

No, since the registration is prospective and does not hold good retrospectively for a tax invoice

Guest (Guest)     08 June 2009

now i have 2 views..What to do???????/

hasmukh shah (In practice)     11 June 2009

when the dept issue the registration no then only it effective otherwise whatever purchases are made aginst VAT rtrated as purchase from unregistered dealer

Guest (Guest)     11 June 2009

 I have applied for my clients registration under Gujarat VAT. he has a purchase bill in which he has paid VAT and it is a Tax Invoice. Now is it okay i mean he is not having valid registration number under Guj VAT Act (however he has applied)????????Rgds,


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