Difference between Retail invoice and Tax invoice:

RETAIL INVOICE IS LIKE CASH INVOICE WHICH DOES NOT CONTAIN THE TIN NUBMER WHILE TAX INVOICE CONTAINS TIN NUBMER WHICH IS COMPULOSARY. IF THE BUYER WANTS TO GET TAX CREDIT, THEN THE PARTY HAVE TO GIVE TIN NUBMER AND SELLER ISSUE TAX INVOICE OTHERWISE THE PARTY ISSUE RETAIL INVOICE. IN BOTH CASE THE PARTY HAVE TO PAY TAX ON GOODS. IN CASE OF OUT OF COUNTRY SALE OF GOODS, RETAIL INVOICE IS TO BE ISSUED. THE BUYER DOES NOT GET TAX CREDIT AND IN CASE OF TAX INVOICE THE SELER HAVE TO GIVE THE DETAIL OF TAX INVOICE IN THE FORM 201 AND SUBMIT TO THE RELATED TAX DEPARTMENT.