As per statewise 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.
tax invoice is where sales to register dealer with sales tax department and have tin no. and retail invoice is without tin no. a person or company not registered with sales tax department
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