A tax invoice is the document you must · obtain when you purchase goods for your business and on which you have paid tax. · give to your customers who are registered dealers and to whom you charge VAT.

No. A tax invoice can be in any form to suit your business. All tax invoices must show: · the words `Tax Invoice’ in bold letters either at the top or at a prominent place · a serial number · the date of the transaction/sale/issue · description of the goods · the quantity or number of goods involved in the transaction · the price of the goods · the amount of VAT charged on the goods (this must be shown separately) · a declaration certificate In addition, when you obtain a tax invoice it must show · your supplier’s name, address and Registration Certificate number · your name and address And when you issue a tax invoice, it must show · your name, address and Registration Certificate number · your customer’s name and address

The words of the certificate on the tax invoices you give should read “ 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.” There should be such a certificate on the tax invoices you receive from your suppliers.

You yourself or your manager or agent as authorized by you may sign the tax invoice certificate.

Bill or Cash memorandum can be issued by a registered dealer wherein the tax amount is not shown separately. All dealers paying tax under composition (other than works contractors) should also issue Bill or Cash Memorandum.

A bill or cash memorandum may be in any form to suit your business, but it must show all the following information: - · name of the business, address and Registration Certificate number · a serial number · particulars of the goods sold · sale price of the goods · date of issue · your signature - or that of your authorised representative · a declaration certificate

The words on the certificate on the bill or cash memorandum you issue should read “1/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”.

Under the VAT, a registered dealer can claim set–off for tax paid on most business purchases. In order to claim a set-off, a registered dealer must get a tax invoice from his supplier. Unregistered dealers and consumers cannot claim set-off, so they do not need a tax invoice and a less detailed bill or cash memorandum is appropriate.