13 May 2016
Please let me know whether mentioned of Customer Name and other details like address etc is mandatory in the tax invoice if the invoice value is less than Rs-2 lacs( for jewellery industry) or just mention cash instead of customer details. If mentioned of name and other details is mandatory then please ref the sec where it is mentioned.
13 May 2016
Customer details compulsory for jewellery industry, customer has right to claim gold during theft, stolen. Buyer can produce identity of ownership of ornaments by producing bill. Cash invoice it is very difficult to prove identity of the owner.
CAclubindia
