Sales Tax Instructions

(c)
(d)
Sales Tax Instructions, 2009
Yes. You have to account for each invoice separately. However, you can
store them in batches for the convenience of your own future accounts
and for the ease of the auditors when they visit you.
I have received a credit note for any goods returned. How do I account
for the sales tax?
Enter it in your records and deduct the sales tax charged to you on the
goods from the input tax credit for the current tax period.
I buy some goods for my business I lose the tax invoice. Can I still
deduct the input tax?
No. The matter has to be reported to the sales tax collectorate
immediately. The supplier may have to issue a duplicate invoice which
would need authentication from the sales tax Collectorate to be used as a
tax invoice.
SPECIAL NOTE
You may use computers to maintain your record and accounts. However, you
would have to obtain permission of the Collector of Sales Tax of your area of jurisdiction
to use a particular hardware and software. It is better if you obtain this permission at the
design stage if you intend to have an accounts package designed for your business. The
Sales Tax department has the authority to refuse permission for a particular system of
record and accounts maintenance. You should, therefore, discuss with the Sales Tax
Collectorate before starting a venture in electronic data storage and computation.
INVOICE
Supplier‘s Name Serial No. XXXXXXXX
Address
Date
Telephone No.
ST Registration No.
Buyer‘s Name
Time of supply
Address
ST Registration No.
(if any)
Terms of Sale
Quantity Description
of goods.
Value of
excl. ST.
Rate of
ST.
Total ST
payable.
Value
including
ST.
340 Kgs. PVC 5000/- 18 % 900/- 5900/-
granules
400 Kgs. Urea 10000/- 5 % 500/- 10500/-
Total. 15000/- 1400/- 16400/-
Note : These specimens are only for elucidation of the essential elements of an invoice.
TAX REPLACEMENT INVOICE
Supplier‘s Name Serial No. XXXXXXXX
Address
Date
Telephone No.
ST Registration No.