INTERVIEW QUESTIONS TAX VALUE ADDED TAX DETAILS

Question: What is Tax invoice in Value Added Tax (VAT)?

Answer: Tax invoice in Value Added Tax (VAT) is popularly known as bill, which should contain details of sale such as name and address of the purchaser with his TIN, name of goods, quantity of goods sold, its value etc. and tax rate and amount charged separately. This invoice / bill is to be issued in duplicate, the original for purchaser and duplicate to be retained by the selling dealer.

Tax invoice in Value Added Tax (VAT) is popularly known as bill, which should contain details of sale such as name and address of the purchaser with his TIN, name of goods, quantity of goods sold, its value etc. and tax rate and amount charged separately. This invoice / bill is to be issued in duplicate, the original for purchaser and duplicate to be retained by the selling dealer. Source: CoolInterview.com

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