I want to know is PAN no of party or company is compulsory on Tax Invoice is there any new rule realse by M-VAT or by any other department
Please guide
Rupa Patel (Accountant) (102 Points)
10 June 2016I want to know is PAN no of party or company is compulsory on Tax Invoice is there any new rule realse by M-VAT or by any other department
Please guide
CA Anant Tyagi
(CA)
(283 Points)
Replied 10 June 2016
Dear Rupa,
As per Section 86 of Maharastra VAT Act.
The tax invoice issued under sub-section (1) shall contain the following particulars on the original as well as on all the copies thereof,-
(a) the words “tax invoice” in bold letters at the top or at any prominent place,
(b) the name, address and registration certificate number of the selling dealer as well as the name and address of the purchasing dealer,
(c) an individual serialised number and the date on which the tax invoice is issued, .
(d) descripttion of the goods, the quantity or as the case may be, number and price of the goods sold and the amount of tax charged thereon indicated separately, and
(e) signed by the selling dealer, or his servant, manager or agent duly authorised by
Further, It is advisable to put PAN on the Tax invoice to avoid any legal difficulties in future. But there is no mandatory requirement under VAT Acts to put PAN on Tax Invoice
Rupa Patel
(Accountant)
(102 Points)
Replied 10 June 2016
Thank you so much for the revert it is really helpful to me
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