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Whether retail invoice will be tax inclusive?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kruthika asked over 2 years ago

Hi I want to know, Whether retail invoice will be tax inclusive?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

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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Open uri20170510 32134 1c996lj?1494421732 Anil answered over 2 years ago

What is a retail invoice? A.4. 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. Q.5. What should a retail invoice contain? A.5. Retail invoice should contain the same details in tax invoice except TIN of purchaser. A retain invoice may also be in the format for tax invoice. But on the top of the invoice, instead of tax invoice, retail invoice should be printed. Q.6. How many copies of the tax invoice/retail invoice should be prepared? A.6. A tax invoice shall be prepared in triplicate. The ?original? and ?duplicate? copies shall be issued to the purchaser and the selling dealer shall retain ?triplicate? copy. Retail invoice may be prepared in duplicate. Q.7. Which type of invoice will have to be issued for inter state sales? A.7. Retail invoice shall be issued for interstate sales, interstate branch transfers and exports. Q.8. Who is authorized to sign tax invoice? A.8. A tax-invoice has to be signed by an authorized signatory. Sign of such a person or persons should be submitted to the department in Form 101C. Q.9. Who should sign retain invoice? A.9. A retail invoice can be signed by authorized person.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 phool chandra singh answered over 2 years ago

Dear, your query is that Whether retail invoice will be tax inclusive? answer of your query is that Retail invoice and tax invoice have to be tax exclusive. In other words, tax charged on the goods sold shall be shown separately in the Tax/Retail invoice issued. Thanks & Regards,

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