(1) Every registered dealer, for each sale made by him shall issue to the purchaser, a

bill, invoice or a cash memorandum including machine generated bill, invoice or a cash

memorandum signed and dated by such dealer containing prescribed particulars including

the amount of tax collected. Every such dealer shall also maintain a counterfoil or duplicate

of each bill, invoice or cash memorandum issued by him with signature, date and all other

aforesaid particulars and shall preserve it for a period of not less than five years from such

date or till the completion of assessment whichever is earlier;

Provided that a bill, invoice or cash memorandum may not be issued where sale of any

goods of value not exceeding rupees one hundred is made to any person other than a

registered dealer .

(1A) The bill, invoice or cash memorandum pertaining to the goods notified by the State

Government, shall be authenticated in the prescribed manner. 

(2) If a registered dealer contravenes the provisions of sub-section (1), the

commissioner may, after giving such dealer an opportunity of being heard, direct him to pay

by way of penalty a sum of rupees one hundred for each sale in respect of which such

contravention has taken place subject to a maximum of rupees five thousand.