The present invention provides a display panel and a display apparatus using the same. The display panel comprises a first substrate, a second substrate, a liquid crystal layer, a first polarizer, a second polarizer, a half (½) wave plate and a quarter (¼) wave plate. The liquid crystal layer is formed between the first substrate and the second substrate. The first polarizer is disposed at an outer side of the first substrate. The second polarizer is disposed at an outer side of the second substrate. The half wave plate is disposed on the first polarizer. The quarter wave plate is disposed on the half wave plate. The invention can improve a chromatic dispersion problem of a 3D display.