TAX
INVOICE AND RECORD KEEPING
Every registered person who makes any taxable supply of goods or
services in the course or furtherance of any business in Malaysia is
required to issue a tax invoice. A tax invoice is a document
containing certain information about the supply that has been made
and is similar to a commercial invoice except for some additional
details.
This
document is important as it is an essential
evidence to support a customer’s claim for
deduction of input tax.
A tax invoice must be issued within twenty one (21) days from the
time of supply. The supplier must keep a copy and the original copy
should be retained by the recipient. Only
a GST registered person can issue tax invoices. Tax invoices can be
issued in the following forms:-
(a)
Tax invoice
(i)
Full tax invoice
(ii)
Simplified tax invoice
(b)
Deemed tax invoice
(i)
Self-billed invoice
(ii)
Invoice or statement of sales by auctioneer
Example
of a tax invoice is shown in followings diagram.
 |
Source:
Extrated from
General
Guide -revised as at 27 October 2013
Diagram:
Simplified
Tax Invoice
Source:
Extrated from
General
Guide -revised as at 27 October 2013
