Dear Sir,
what is the difference between Tax Invoice and cash memo/money receipt.Is it obligatory on the part of seller to issue money receipt/cash memo against tax invoice ?Heritage TPA company are not accepting tax invoice issued by seller for purchasing medicine What is the remedy
SALIL KUMAR GHOSAL
Tax invoice is issued when goods/services are supplied.
Cash memo or receipt voucher is given when money is received in advance.
Under GST, tax is chargeable whenever goods are supplied or money is received (whichever is earlier).
GST is payable on advance receipts also and under that case you need to issue receipt voucher.
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