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55 : Particulars required in a bill , invoice or cash memorandum M.P. VAT RULES

55 : Particulars required in a bill , invoice or cash memorandum

(1) Every registered dealer who is required under sub-section (1) of section 40 to issue a bill, invoice or a cash memorandum shall specify in the bill, invoice or cash memorandum name and style, the address of his place of business and his TIN, the particulars of goods sold, the sale price thereof, the amount of tax collected under section 9 and shall for each year serially number such bill, invoice or cash memorandum, and where the sale price is rupees one thousand or more the dealer shall enter in the bill, invoice or cash memorandum the full name and address of the buyer and his TIN, if any.

Provided that the tax collected may not be shown separately in the sale bill, cash memorandum or invoice, where sale is made to a person other than a registered dealer.

(2) A registered dealer who opts for composition under section 11 of the Act shall not be show the lump-sum element separately in the bills or invoice or cash memorandum issued by him to his purchaser and accordingly shall not collect any amount separately by way of lump-sum or tax .

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .