the gst guide.pmd - The Belize Department of General Sales Tax

(ii)
(iii)
(iv)
(v)
TIN and name of the supplier.
the description of the items supplied and the quantity
the GST inclusive price
the rate of GST charged and GST payable
9.5 Why are tax invoices important?
Registered persons can only claim a tax credit for the GST charged if a tax invoice supports
the claim. All tax invoices received from suppliers and copies of all tax invoices issued
should be kept.
9.6 How Should Sales be recorded?
Registered taxpayers must issue tax invoices for sales made to each other. Where the sale is to
an unregistered person a sales receipt may be issued. The entry of each invoice in the sales
book should show:
• The date of the transaction,
• The invoice number;
• TIN and name of the purchaser;
• The value of supplies including GST
• Value of any zero rated sales
• Value of any exempt sales
• Value of supplies excluding GST
• GST on sales
Value of supplies excluding GST and GST on sales could be broken down for sales between
registered taxpayers and sales to unregistered taxpayers.
The information on the daily sales book will be used for preparing the monthly GST return.
Appendix 1 contains a sample format of the Sales Book that the Department of General Sales
Tax endorses
30 The GST Guide