Tax invoices

(1) A registered person making a taxable supply to another taxable person shall, at the time of the supply, give the recipient a tax invoice in respect of the supply in accordance with sub- section (2). (2) A tax invoice issued under sub-section (1) shall be issued in the form and manner prescribed by the Commissioner and shall include the following information unless otherwise specified by regulations– (a) the words “tax invoice” shown conspicuously thereon; (b) an identifying serial number and the date on which the tax invoice was given; (c) the name, address and TIN of the supplier; (d) the name, address and TIN of the recipient; 59 (e) a description of the goods or services supplied, including the quantity of goods or the number of services supplied; (g) the price of the supply; (h) the rate of tax applicable to the supply and the amount of GST included in the price of the supply; and (i) such other particulars, if any, as are required by the regulations to be included in the tax (3) A tax invoice is not required to be issued for a taxable supply if the price of the supply is less than fifty dollars, unless requested by the recipient. (4) A supplier shall not give more than one tax invoice in respect of the same supply but this sub-section does not prevent him from providing a copy, clearly marked to indicate that it is a copy, where the original of a tax invoice has been lost. (5) Notwithstanding sub-section (1), a person is prohibited from issuing a tax invoice for a gambling supply. (6) A person who contravenes the requirements of this section commits an offence and is liable on summary conviction to a fine of not less than three thousand dollars and not exceeding five thousand dollars or to imprisonment for a term not exceeding one year, or to both such fine and imprisonment. notes.