Zen Posted June 27, 2008 Share Posted June 27, 2008 1) I noticed that most companies that sell products or service to me, they normally send an "INVOICE" (or "BILLING NOTE") first. After I pay them, then they'll issue me a "TAX INVOICE / RECEIPT". Sometimes the the "INVOICE" and "TAX INVOICE / RECEIPT" have the same serial number, but sometimes it's a different serial number. Is there any difference from my method - I issue "TAX INVOICE" immediately to the customer when I deliver my goods to them, and when they pay, I issue a "TAX INVOICE COPY / RECEIPT". Both my "TAX INVOICE" and "TAX INVOICE COPY / RECEIPT" have the same serial number. 2) If I deliver goods to a customer on Consignment, what are the documents normally issued? For example, if I deliver 10pieces to a customer on consignment, should I issue a "DELIVERY NOTE" for these 10pieces and if he sells 5 pieces then I issue him a "TAX INVOICE" for the 5 pieces? Link to comment Share on other sites More sharing options...
ludosiam Posted June 28, 2008 Share Posted June 28, 2008 As far as I know the company issuing a tax invoice is liable to pay tax for the amount stated even if the recipient doesn't pay. Therefore tax invoices are issued only after payment has been received. Link to comment Share on other sites More sharing options...
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