Value Added Tax Act 1998 - The Mauritius Chamber of Commerce ...

MRA The Value Added Tax Act 19
in such manner as may be prescribed.
(3) Subsection (2) (c) shall not apply to the business specified in item 6 (b) (ii) of
the Fifth Schedule and items I and 4 of the Part II of the Tenth Schedule. 71*
(4) Every record under subsection (1) or (2) shall be kept for a period of at least 5
years after the completion of the transaction to which it relates. 72*
(5) For the purposes of subsection (2)(a), “TradeNet” has the same meaning as in
the Customs (Use of Computer) Regulations 1997. 73*
20. VAT invoice
(1) Every registered person who makes a taxable supply to another registered
person shall issue to that person a VAT invoice in respect of that supply.
(2) A registered person who issues a VAT invoice under subsection (1) shall
specify in that VAT invoice -
(a)
(b)
(c)
(d)
(e)
(f)
(g)
the words “VAT INVOICE” in a prominent place;
his name, business address and his VAT Registration Number;
its serial number and date of issue;
the quantity and description of the goods or the description of the
services;
the value of the supply exclusive of VAT;
the amount of VAT chargeable and the rate applied; and
the name, address and the VAT Registration Number of the purchaser.
(3) Every person who issues a VAT invoice under this section shall keep legible
copies thereof, either on computer or otherwise, in chronological order.
(4) Every copy of a VAT invoice under this section shall be kept for a period of at
least 5 years after the completion of the transaction to which it relates.
(5) No person shall issue a VAT invoice or any other document indicating an
amount which purports to be VAT on the supply of any goods or services unless -
(a)
(b)
he is registered as a registered person under this Act; and
the supply is a taxable supply.
* Please refer to endnotes at Appendix Page 19 of 107