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Requirements of tax invoice: Too simple to get ignored?

We all know that the invoices must be titled as “Tax Invoice”. The invoice should also contain supplier’s and customer’s details. The details should include complete name, mailing address andTRN of each party.

Mere mentioning of the locality or building name is not sufficient for the mailing address. The mailing address should be complete consisting of office number, plot or building name, locality, PO Box number and Emirates. Alternatively, at least the PO Box and corresponding emirate must be mentioned.

Invoice should also contain the invoice number and the date of the invoice. The ‘date of supply’ should also be mentioned if it is different from the invoice date.

The description of the goods or the services supplied should be mentioned along with the corresponding quantity, unit rate, and the pre-VAT price. If the invoice contains more than one-line item of the goods/services, then aforesaid details should be mentioned for each line item of the goods or services respectively.

 

Source Khaleej Times

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