What are the requirements of a proper tax invoice? i. The words Tax Invoice in a prominent place; ii. An identifying number; iii. The date of issue of the invoice; iv. Your name, address and registration number; v. Your customers name (or trading name) and address; vi. The type of supply e.g credit sale, hire- purchase, loan; vii. A description of goods and service supplied; viii. The quantity of goods/ services (excluding tax) sold; ix. Any cash discount offered; x. The total amount payable excluding tax, the rate of GST and the total tax chargeable shown separately; xi. The total amount payable, including tax and xii, If applicable, the breakdown of exempt, zero- rated or other supply stating separately the gross amount payable in respect of each. Remarks: If the invoice uses a foreign currency, items (x) and (xi) should be converted to RM using the selling exchange rate prevailing in Malaysia at the time of supply.
Posted on: Thu, 22 Jan 2015 04:26:56 +0000
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