ISSUE OF SALE BILLS

[BAL KRISHAN GARG]

Dear All Members , Mr. A having TIN NO.and dealing in tax free goods or First Point Tax Paid Goods like atta,maida ,besan etc.and also having agency from branded companies like rose brand ,shakti bhog etc.and making retail sales in the area including sales to customers having TIN NO. . My issue is that whether he can issue a retail invoice / or tax invoice ? Mr.A is having his Sales Tax Registration No. before applicability of VAT and he is filling his vat returns although of exempted / or First Point Tax Paid goods . Whether he should issue Retail Invoice / or Tax Invoice to all his customers or Tax Invoice to customer having TIN No. because he is not charging any tax amount to all his customers . Thanks to all BAL KRISHAN GARG

AI Summary

Tax Invoice or Retail Invoice? Clarification for Dealers on MVAT Act and Tax-Free Goods Compliance Mr. A, who deals in tax-free and first-point tax-paid goods, is questioning whether to issue retail or tax invoices. Despite having a sales tax registration number and filing VAT returns, Mr. A does not charge tax on sales. The response from CA. Darshan Jain clarifies that under the MVAT Act, a registered dealer should issue a tax invoice only when selling taxable goods to another registered dealer, not for exempt or first-point tax-paid goods. It is suggested that Mr. A issue a retail invoice or a bill/cash memorandum, ensuring compliance with local VAT regulations.