All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T
| 40 : Dealers to issue Acts, invoices or cash memoranda M.P. ACT | |
|
40 : Dealers to issue Acts, invoices or cash memoranda
(1) Every registered dealer, for each sale made by him shall issue to the purchaser, a
bill, invoice or a cash memorandum including machine generated bill, invoice or a cash
memorandum signed and dated by such dealer containing prescribed particulars including
the amount of tax collected. Every such dealer shall also maintain a counterfoil or duplicate
of each bill, invoice or cash memorandum issued by him with signature, date and all other
aforesaid particulars and shall preserve it for a period of not less than five years from such
date or till the completion of assessment whichever is earlier;
Provided that a bill, invoice or cash memorandum may not be issued where sale of any
goods of value not exceeding rupees one hundred is made to any person other than a
registered dealer .
(1A) The bill, invoice or cash memorandum pertaining to the goods notified by the State
Government, shall be authenticated in the prescribed manner.
(2) If a registered dealer contravenes the provisions of sub-section (1), the
commissioner may, after giving such dealer an opportunity of being heard, direct him to pay
by way of penalty a sum of rupees one hundred for each sale in respect of which such
contravention has taken place subject to a maximum of rupees five thousand.
|
|
What We Do
Our Services
Indirect Taxes
Advising client on establishment of indirect tax management system, in all areas i.e. GST Audit, Customs, Foreign Trade P
Auditing and Assurance Service
We are blessed with team of qualified chartered accountants highly efficient in auditing and assurance services. Our wide range of services are aimed for financial sta
Accounting Services
We offer highly efficient accounting services which are provided by us for our local, national and international clients. We also offer design, implementation and revi
Societies and Trust Consultanc
We are engaged in providing societies and trust consultancy to our clients. Our wide range of services include formation, registration U/s
Company Law Matters Consultanc
Every company according to the India law need to register with the registrar of companies and it is also necessary with documents for vari
CONSULTATION
Client Login
CONSULTATION
ASK A QUERY
