"For each assessment year serial no. in first tax-invoice, sale-invoice and purchase invoice shall begin with serial no. 001 and subsequent tax invoice, sale invoice and purchase invoice serial number shall be in ascending order. Tax invoice, sale invoice and purchase invoice shall be kept in bound book containing at least fifty copies of tax invoice, sale invoice and purchase invoice."
The above provision is as per Chapter-III, section-44, sub-section-10 on page 47 for clarification on the issue. Sub-section 10.
Also, Sub-section-12 on the same page cements our interpretation by clarifying that a separate sale book may be permitted only in case of interstate trade.
I wanted a clarification whether I can do distributorship of 2 companies like Nestle and HUL. Since both the companies brings their own software and both will have a new set of series for invoices ?
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