Abbreviated tax invoice

An abbreviated tax invoice is the short retail format the IRD allows for sales to final consumers up to a set amount per bill, with the IRD's permission for that outlet. It omits the buyer's name and PAN and shows the price inclusive of VAT, which suits counter sales, cafes and small shops where asking for a PAN is impractical. A buyer cannot claim input VAT from it, so a business customer must ask for a full tax invoice instead. BRAccount offers it as a print format on the Sales Invoice; the posting is the same as a full invoice, with VAT split out of the inclusive price, and the bill still reaches the Sales Book and CBMS.

Taxable value = Inclusive price / 1.13; VAT = Inclusive price - Taxable value.

1. 01Obtain the IRD's permission for abbreviated invoices at the outlet and keep the letter on file.
2. 02Go to Selling > POS or Invoicing > Sales Invoice > New with a walk-in customer and tax-inclusive prices.
3. 03Enter the sale, for example a Rs 500 cafe bill; the Taxes table splits out Rs 57.52 of VAT.
4. 04Submit. The entry above posts and the bill syncs to CBMS.
5. 05Click Print and choose the Abbreviated Tax Invoice format for the thermal slip.

Choose it on the print dialog for counter sales under the permitted limit.

A Rs 500 cafe bill printed on a thermal slip.