dvat.gov.in Tax Invoice and Retail Invoice
What is Tax Invoice (dvat.gov.in)
• A Tax Invoice is a legal document, which shows the DVAT payable/paid for a transaction. Irrespective of the accounting basis that you follow, you can claim a tax credit only if you hold a valid tax invoice at the time
of furnishing your return for the tax period.
• Every registered dealer must keep a copy of all tax invoices issued by him. Every dealer must preserve all the original tax invoices received by him.
What should a Tax Invoice contain
• the words ” Tax Invoice ” in a prominent place;
• name, address and TIN/registration number of the selling dealer.
• Name and address of the purchaser;
• TIN/registration number of the purchaser, if he is registered;
• individual pre-printed number and date of issue of invoice, description ,quantity, volume and value of goods and tax charged; and
• signature of dealer or his/her authorized representative.
Duplicate and Proforma Tax Invoices
If the buyer claims to have lost his original tax invoice, after the completion of certain prescribed formalities, you may issue him a copy clearly marked as a ‘duplicate’. You may issue a computer printed invoice subject to the following:
• Maintain a serialised number for all invoices, and
• Retain the duplicate copy.
You may also use the format of tax invoice for issuing Proforma invoices. However these should be clearly marked’Proforma invoice not valid for tax credit.’
A retail invoice is issued by registered dealer for each transaction of sale exceeding Rs. 25/- in cases other than where a tax invoice is not issued.
A Retail Invoice should contain:
• The words ‘Retail Invoice” or “Cash Memorandum” or “Bill” in a prominent place.• The name address and TIN/registration number of the selling dealer.
• In case of interstate sales, the name , address and TIN/registration number of the purchasing dealer and type of statutory form against which the sale has been made.
• An Individual pre-printed serialized number and date of issue of the retail invoice.
• Description, quantity, volume and value of goods sold and services provided. The amount of tax charged thereon indicated separately.
• The signature of the dealer or of the representative authorized by him.
Your return is self-assessment of your tax liability under DVAT Act, 2004.
Website : dvat.gov.in