Sales Tax Act 1990: requirement of issuing tax invoice

KARACHI: A person making taxable supplies is required to issue serially numbered tax invoice at the time of making supply of goods.

According to updated Sales Tax Act, 1990 issued by Federal Board of Revenue (FBR), the Section 23 of the Act explained the requirement of issuing tax invoice.

Section 23: Tax Invoices

Sub-Section (1): A registered person making a taxable supply shall issue a serially numbered tax invoice at the time of supply of goods containing the following particulars, namely: –

(a) name, address and registration number of the supplier;

(b) name, address and registration number of the recipient;

(c) date of issue of invoice;

(d) description and quantity of goods;

(e) value exclusive of tax;

(f) amount of sales tax; and
(g) value inclusive of tax:

Provided that the Board may, by notification in the official Gazette, specify such modified invoices for different persons or classes of persons:

Provided further that not more than one tax invoice shall be issued for a taxable supply.

Sub-Section (2): No person other than a registered person or a person paying retail tax shall issue an invoice under this section.

Sub-Section (3): A registered person making a taxable supply may, subject to such conditions, restrictions and limitations as the Board may, by notification in the official Gazette, specify, issue invoices to another registered person electronically and to the Board as well as to the Commissioner, as may be specified.

Sub-Section (4): The Board may, by notification in the Official Gazette, prescribe the manner and procedure for regulating the issuance and authentication of tax invoices.

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