As per section 2(zb) of The Punjab VAT Act - Retail Invoice means an
invoice issued to the purchaser by a taxable or registered person to a
casual trader, listing therein the goods, sold, with price, quantity and
value.
VAT INVOICE
As per section 2(zs)of The Punjab VAT Act - VAT Invoice means an invoice
issued by a taxable person to another taxable person listing therein the
goods supplied, with the price, quantity, value and VAT charged.
TAXABLE PERSON
Taxable Person means a person who is registered for the purpose of
paying value added tax under this act as per section 2(zn).
REGISTERED PERSON
Registered Person means a person who is registered for the purpose of
paying turnover tax under this act as per Section 2(z).
Sale Amount
As per section 2(zg) of The Punjab Vat Act "Sale Price" means the amount
of consideration including any sum charged on account of freight,storage,
demurrage, insurance and any sum charged for anything done by the
person in respect of the goods at the time of or before the delivery
thereof.
