51. Tax invoices.—

(1) Every registered supplier shall, at the date when VAT becomes payable on the taxable supply, issue, on or before such date, a serially numbered tax invoice containing the following information, namely:—

(a) the date and time of issue of the invoice;

(b) the name, address and business identification number of the supplier;

(c) the name, address and business identification number of the buyer if the value of the supply is more than Taka 25 000.00 (twenty- five thousand) only;

(d) A description and quantity of the goods supplied, and the actual time and date of such supply;

(e) the value of the supply (exclusive of VAT);

(f) the VAT- rate applicable to the supply;

(g) the amount of payable VAT.

(h) the summation of the price of supply and the payable VAT; and and

(i) any other information prescribed by the Board.

(2) No input tax credit shall be admissible against a tax invoice if the information specified in clause (c) of sub-section (1) is not included in such invoice.

(3) The provisions of this section shall not apply where those of section 53 apply.