The provisions relating to the sale bill are contained in Section 86 of MVAT Act, read with Rule 77. The dealer who is sold the goods of amount of Rs.50 and above is required to issue the tax invoice to the customer.
The registered dealer may issue to the purchaser a ‘Tax Invoice’ to its customer containing following details:-
1. The word “Tax Invoice” must appear in bold letter at the top or prominent place.
2. Name, address and registration number of selling dealer as well as the name, address and the registration certificate number of the purchasing dealer.
5. An individual serialized number and the date on which the tax invoice is issued
6. Description of the goods, the quantity or as the case may be, number and price of the goods sold and the amount of tax charged thereon indicated separately
8. Invoice should be signed by the selling dealer, or his servant, manager or agent duly authorized by him
9. A declaration as provided in Rule 77(1) is required to print on the invoice as given below:-
a. Every dealer who is required by to issue a tax invoice in respect of goods sold by him, shall contain a declaration as follows:
“I/We hereby certify that my/our registration certificate under the Maharashtra Value Added Tax Act, 2002 is in force on the date on which the sale of the goods specified in this tax invoice is made by me/us and that the transaction of sale covered by this tax invoice has been effected by me/us and it shall be accounted for in the turnover of sales while filing of return and the due tax, if any, payable on the sale has been paid or shall be paid”
b. Every dealer who is exempted from the payment of tax by virtue of an Entitlement Certificate granted to him by the Commissioner, shall, when issuing an invoice in respect of any goods covered by his Certificate of Entitlement, the invoice shall contain a declaration as follows, namely
“I/We hereby declare that sale of goods evidenced by this invoice is exempt from the whole of sales tax in my/our hands on account of the Certificate of Entitlement bearing No. __________________ duly granted to me/us and as such my/our immediate purchaser shall not be entitled to claim any set-off in respect of this transaction under any provision of Maharashtra Value Added Tax Act, 2002 or the rules framed there under and that the transaction shall be accounted for in the turnover of sales while filing my return.”
c. Where the tax invoice or as the case may be, bill or cash memorandum is issued in respect of resale of goods which are manufactured by a dealer, whose sales are exempted from payment of tax under entry (1) or entry (2) of the
Schedule appended to the Government Order, Finance Department, No. VAT-1505/CR-122/Taxation – 1, dated 1st April 2005, the said tax invoice or as the case may be, bill or cash memorandum shall, in addition to the certificate
referred to in sub-rule (1) or, as the case may be, sub-rule (3), contain a declaration as follows, namely:-
“I/We hereby declare that the first sale of the goods sold under this tax invoice/bill/ cash memorandum is exempted from whole of tax in the hands of the manufacturer under entry (1) or entry (2) of the Schedule appended to the Government Order, Finance Department No. VAT-1505/CR-122/Taxation – 1, dated 1st April 2005”
d. Where a dealer liable to pay tax under this Act, sells any goods to any person other than a registered dealer, and is
required to issue a bill or cash memorandum, he shall cause it to be serially numbered, signed and dated and the bill or cash memorandum should contain the details of the full name and style of his business, the address of his place of
business, the number of his certificate of registration, the particulars of the goods sold and the sale price thereof and the till or cash memorandum shall contain a certificate as follows:-
“I/We hereby certify that my/our registration certificate under the Maharashtra Value Added Tax Act, 2002 is in force on the date on which sale of goods specified in this Bill/cash memorandum is made by me/us and that the transaction of sale covered by this bill/cash memorandum has been effected by me and it shall be accounted for in the turnover of sales while filing my return.”
The dealer should be kept a counterfoil or duplicate of such bill or cash memorandum duly signed and dated, and preserve it for a period of eight years from the end the end of the year in which the sale took place.
