The following additional case-specific details must be provided, depending on the type of supply. Tax-specific details are specified in the tax invoices. Date on which the supply took place and if it is different from the date of issue of the tax invoice.
In some cases, the supply is of used goods, a reference to the fact that VAT is charged on the profit margin on the supply should be given and the invoice should not show the amount of tax charged.
In the VAT regime, all sales and purchases must be subject to taxation. This means that your invoices, debits, credit notes, and other documents must be printed in accordance with the formats set by the General Authority of Zakat & Tax (GAZT), depending on where your business is located in Saudi Arabia.
VAT compliance begins with sales and purchasing VAT invoicing at Tally.ERP 9. Each invoice that you create or save must be made in compliance with VAT.
With Tally.ERP 9, you do not have to worry about whether you have raised an invoice correctly. With a simple one-time setup for billing, you can print the accurate VAT invoices right from the first day.
For more details on VAT Invoice in Tally.ERP 9 for Saudi Arabia, please get in touch with our team on 00966-583117703 or visit our website at http://manalpro.com/tally/vat-returns-vat-payable/.