Sales Tax Instructions

Sales Tax Instructions, 2009
-- in addition to these the category (I) as mentioned above has to maintain
the following records:-
-- Invoices, credit notes, debit notes, bank statements, inventory records;
and also..
-- Evidence of tax paid at import or local manufacture if you belong to
category I and / or II.
The category (II) has to maintain the following records:-
-- invoices, bank statements, and inventory records and
-- evidence of tax paid at import or local manufacture.
2. What is tax invoice ?
Whenever you make you make taxable supply, you must give the buyer a document
showing information about what you are supply and how much sales tax you are charging
on it. This document is called a ―tax invoice‖.
3. What must a tax invoice show ?
If you a registered person, your tax invoice tax must show the following:-
-- an identifying number like a serial number indicating that no two
invoices issued by you ever should have the same number.
-- Your name. Address and sales tax registration number.
-- Time of supply.
-- Date of issue.
-- Name, address and sales tax registration number of the recipient, if any.
-- Description of goods.
-- Quantity of goods.
-- Value exclusive of tax.
-- Rate of sales tax.
-- Value inclusive of tax.
-- Total sales tax payable.
The specimen invoice at 4 [page 7] of this leaflet is for illustration only.
-- if you are an importer, distributor, or wholesaler who have no issue a tax
replacement invoice while making supplies of tax paid goods, your invoice must
show the following:-
-- an identifying number like a serial number indicating that no two
invoices issued by you ever should have the same number your name,
address and sales tax registration number.
-- name and address of the recipient and registration number, if any.
-- date of issue of the invoice.
-- description and quantity of goods.
-- amount of sales tax paid at earlier stage.
-- value inclusive of tax at earlier stage.
The specimen invoice at 5 [page 8] of this leaflet is for illustration only.
-- If you are a turnover taxpayer, your tax invoice should indicate the
following:-
-- an identifying number like a serial number indicating that no two
invoices issued by you ever should have the same number.