Draft Trade Circular
A Draft of the Trade Circular is being published for the
benefit of the trade. The proposed Trade Circular relates to the issuing of
bills, cash memo, Tax Invoices on thermal paper. Comments/suggestions are being
invited in this regard from the trade, in respect of the draft Trade Circular.
Comments may be e mailed by e mail at icsthc mail.com or may be sent to the
office of the Joint Commissioner of Sales Tax (HQ) I, 9th floor, Old Building,
Vikrikar Bhavan, Mazgaon, Mumbai 400010. Comments/ suggestions received upto
1st December 2015 will be taken into consideration.
(D M Thorat)
Joint Commr of Sales Tax (HQ)1,
8th floor,Vikrikar Bhavan,
Mazgaon, Mumbai – 400010.
Sub: Issuing of
tax invoice bills, cash payment etc.
No. VAT/ AMD-2015/ 1C/ 4/ Adm-8
Trade Cir.15 T of 2015
Mumbai Dt: 29-10-2015
As per the provisions of section 86(3) of the MVAT Act
2002 a dealer, liable to pay tax under the Act, is required to issue to the
purchaser either a tax invoice or a bill or a cash memo. Such tax invoice, bill
or cash memo should be serially numbered, signed and dated by him or his
servant, manager or agent. A counterfoil or duplicate of such bill etc. is
required to be preserved for a period of eight years from the end of the year
in which sale takes place. If the value of the goods sold in a single
transaction is rupees fifty or less, then bill or cash memo may not be issued.
2. It has been observed that now a days many dealers issue
bills on thermal paper. Thermal paper bills do not last for a long time and
printed matter on such bill fades away in few days. The consumers/buyers and
the consumer organisations have brought this fact to the notice of the
Government. The consumers face difficulty especially when the product carries a
guarantee/warranty for a certain period. Similarly in the absence of a legible
bill it also becomes difficult to approach the Consumer Redressal Forum.
3. In view of the above, the following instructions are
hereby being issued:
1) All the dealers, who are liable to pay tax, shall
discontinue the practice of issuing invoice, bill, cash memo on thermal paper.
2) All the dealers, liable to pay tax shall issue either a
tax invoice, bill or cash memo on a normal paper so that such a bill and the
matter printed thereon lasts for a period of at least 8 years.
3) All the dealers are informed to follow these instructions
Commissioner of Sales Tax
Maharashtra State, Mumbai.
No.VAT/AMD-2015/ 1C/4/ Adm-8
Trade Cir. 15 T of 2015
Mumbai Dt: 29-10-2015
Copy forwarded to the Joint Commissioner of Sales Tax
(Mahavikas) with a request to upload this Trade Circular on the Department’s
Joint Commissioner of Sales Tax,
(HQ)1, Maharashtra State, Mumbai.