Rule 18
Short Tax Invoice
(1) Notwithstanding anything contained in Rule 17, if any registered person is to sell any goods by retail and makes an application, setting out the same, to the concerned Tax Officer, the concerned Tax Officer may give permission to the registered person to issue a short tax invoice in the format as referred to in Schedule -6 instead of the tax invoice as mentioned in Rule 17 in selling any goods by retail.
(2) In cases where number of goods of lesser value have been sold, the short tax invoice to be given pursuant to Sub-rule (1) may, instead of mentioning the name of each good separately, mention some goods in lump sum.
(3) A recipient who takes a short tax invoice upon purchasing goods under Sub-rule (1) shall not be entitled to deduct tax pursuant to Section 17 of the Act.
(4) A registered person who gives the short invoice to the recipient pursuant to Sub-rule (1) has to maintain records thereof as follows:-
(a) Duplicate copy of the original invoice has to be prepared and maintained,
(b) In cases where transaction has been carried on by keeping duplicate copy of till roll, that has to be
added each day,
(c) To maintain records of value of each transaction including tax thereon.
(5) If any person registered pursuant Sub-rule (4) is found not to have maintained the records to be maintained by him, the Tax Officer may cancel the permission to issue short tax invoice pursuant to Sub rule (1).
(6) Notwithstanding anything contained elsewhere in these Rules, if transaction of more than Five Hundred Rupees has been carried on, short tax invoice shall not be issued under these Rules and despite the carrying on the transaction of less then that amount, it shall be the duty of the registered person to issue-the tax invoice as referred to in Rule 17 to the recipient who requests for such tax invoice.
(7) The total figure of tax, from short invoice, shall be calculated by multiplying the invoice price with tax fraction.
Explanation: “Tax fraction”, for purposes of this Sub-rule, means the sum of rate of tax rate of tax + 100
(2) In cases where number of goods of lesser value have been sold, the short tax invoice to be given pursuant to Sub-rule (1) may, instead of mentioning the name of each good separately, mention some goods in lump sum.
(3) A recipient who takes a short tax invoice upon purchasing goods under Sub-rule (1) shall not be entitled to deduct tax pursuant to Section 17 of the Act.
(4) A registered person who gives the short invoice to the recipient pursuant to Sub-rule (1) has to maintain records thereof as follows:-
(a) Duplicate copy of the original invoice has to be prepared and maintained,
(b) In cases where transaction has been carried on by keeping duplicate copy of till roll, that has to be
added each day,
(c) To maintain records of value of each transaction including tax thereon.
(5) If any person registered pursuant Sub-rule (4) is found not to have maintained the records to be maintained by him, the Tax Officer may cancel the permission to issue short tax invoice pursuant to Sub rule (1).
(6) Notwithstanding anything contained elsewhere in these Rules, if transaction of more than Five Hundred Rupees has been carried on, short tax invoice shall not be issued under these Rules and despite the carrying on the transaction of less then that amount, it shall be the duty of the registered person to issue-the tax invoice as referred to in Rule 17 to the recipient who requests for such tax invoice.
(7) The total figure of tax, from short invoice, shall be calculated by multiplying the invoice price with tax fraction.
Explanation: “Tax fraction”, for purposes of this Sub-rule, means the sum of rate of tax rate of tax + 100