Chitty vs. Receipt

Main Difference

The main difference between Chitty and Receipt is that the Chitty is a ethnic group from Malaysia and Receipt is a written acknowledgment that a person has received money or property in payment

• Chitty

  The Chitty also known as the Chetty or Chetti Melaka are a distinctive group of Tamil people found mainly in Melaka in Malaysia and Singapore, who are also known as the “Indian Peranakans” and have adopted Chinese and Malay cultural practices whilst also retaining their Hindu heritage. In the 21st century, their population stands at 2,000. The Chitty/Chetti community is from South India and are devout Hindus.

• Receipt

  A receipt (also known as a packing list, packing slip,, packaging slip, (delivery) docket, shipping list, delivery list, bill of parcel, manifest or customer receipt), is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service. All receipts must have the date of purchase on them. If the recipient of the payment is legally required to collect sales tax or VAT from the customer, the amount would be added to the receipt and the collection would be deemed to have been on behalf of the relevant tax authority. In many countries, a retailer is required to include the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at point of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the case of wage withholding taxes. On the other hand, tips or other gratuities given by a customer, for example in a restaurant, would not form part of the payment amount or appear on the receipt.

  In some countries, it is obligatory for a business to provide a receipt to a customer confirming the details of a transaction. In most cases, the recipient of money provides the receipt, but in some cases the receipt is generated by the payer, as in the case of goods being returned for a refund. A receipt is not the same as an invoice.There is usually no set form for a receipt, such as a requirement that it be machine generated. Many point-of-sale terminals or cash registers can automatically produce receipts. Receipts may also be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To reduce the cost of postage and processing, many businesses do not mail receipts to customers, unless specifically requested or required by law, with some transmitting them electronically. Others, to reduce time and paper, may endorse an invoice, account or statement as “paid”.

• Receipt (noun)

  the action of receiving something or the fact of its being received

  “families in receipt of supplementary benefit”

  “I would be grateful if you would acknowledge receipt of this letter”

• Receipt (noun)

  a written or printed statement acknowledging that something has been paid for or that goods have been received

  “always make sure you get a receipt”

• Receipt (noun)

  an amount of money received during a particular period by an organization or business

  “box office receipts”

• Receipt (noun)

  a recipe

  “she spent hours in the kitchen, trying all sorts of receipts”

• Receipt (verb)

  mark (a bill) as paid

  “the receipted hotel bill”