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Commercial Invoice: The seller's bill of sale for the goods sold, specifying type of goods, quantity and price of each type and terms of sale.

Tax Invoice: A document issued by a supplier which stipulates the amount charged for goods or services as well as the amount of Goods and Services on which tax payable.

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What are the difference between the tax invoice and the debit note?

Tax invoices and debit notes are very similar, but there is one main difference between them. A tax invoice is issued for money that is owed due to the sale of a product or service whereas a debit note is issued for money owed without a sale having been made.


What is the difference between tax invoice and commercial invoice?

A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.


What is the difference between invoice and commercial invoice?

A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.


Why tax invoices are necessary?

A tax invoice is the document stating the occurrence of a transaction. Therefore, it is considered the cornerstone of any system of sales taxation. Since the taxable act is the "sale" of goods or the supply of services, this act needs to be proved or documented. Without these documents (tax invoices) there is no tax, no books, no records, no accounting and the tax system collapses. So,tax invoices are very necessary.


What is Form-C its use and why taxex are concessional against these forms?

Form C is a form issued by the Commercial Tax Office for waiving Sales Tax. If a Form C is submitted along with the Invoices there would be some Tax exemption otherwise we need to pay full tax


What is Form C its use and why taxex are concessional against these forms?

Form C is a form issued by the Commercial Tax Office for waiving Sales Tax. If a Form C is submitted along with the Invoices there would be some Tax exemption otherwise we need to pay full tax


What is the difference between direct tax and non-direct tax?

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What is the difference between a tax paid by buyers and tax paid by sellers?

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What is the difference between 1040a tax forms and 1040ez tax forms?

The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.


Difference between income tax act and income tax rule?

The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.


Difference between the tax planning and tax avoidance?

Tax planning is legal while tax avoidance will get you into a lot of trouble


What is the difference between EIN tax id and federal tax id?

They are the same thing.