(1) Notwithstanding anything written in rule 17, if a registered person retails any goods or services, if he discloses the same and submits an application to the relevant tax officer, when such registered person retails any goods or services, the tax bill as mentioned in rule 17 In lieu of this, permission may be given to give a brief tax invoice to the recipient in accordance with schedule-6.
(2) If many items of low value have been sold, in the summary tax bill issued according to sub-rule (1), it should be mentioned as a lump sum of some items without mentioning the names of all the items separately.
(3) According to sub-rule (1), the receiver who purchases goods and receives a summary tax bill is not entitled to deduct tax according to section 17 of the Act.
(4) According to sub-rule (1), the person who is registered to issue a summary tax invoice to the recipient shall keep the record of the matter as follows:-
(a) A copy of the gross bill should be prepared and kept (b) A copy of the till roll should be kept attached every day in case of transactions,
(c) Keeping a record of the value of each transaction including tax.
(5) If the person registered as per sub-rule (4) does not keep the required records, the tax officer may revoke the permission given to issue a summary tax invoice as per sub-rule (1).
(6) Regardless of what is written elsewhere in this rule, if the value of the transaction is more than ten thousand rupees, a summary tax invoice cannot be issued according to this rule, and even if the amount of transaction is less than that, a tax invoice according to the same will be provided to the recipient who requests a tax invoice according to rule 17. The duty will be of the registered person. ……………
(7) From the summary tax invoice, the total amount of tax will be calculated by multiplying the invoice value by the tax difference. Explanation: For the purposes of this sub-rule, "tax differential" means the sum of the rates of tax. Rate of tax × 100