Bills of sale

Rule 30. (1) A bill of sale as specified in section 29, issued by a registered dealer where the value of the goods sold is in excess of one hundred rupees, or a registered dealer selling non-taxable goods or a registered dealer selling goods in the course of inter-state trade or commerce or in the course of export out of the territory of India or import into the territory of India, shall contain the following details, namely.-

(a) a consecutive serial number with date of sale

(b)   the name, address and registration number of the selling dealer; and

(c)    a description of the goods with its value.

(2) A bill of sale shall, on demand, be issued in duplicate, even where generated by any electronic or mechanical device, with the original, marked “original”, delivered to the buyer and the copy retained by the registered dealer.

(3) Every registered dealer who buys goods from a person other than a registered dealer shall raise a bill recording such transaction containing the following details, namely.-

(a) a consecutive serial number with date of purchase;

(b) the name and address of the seller; and

(c) a description of the goods with its value.