/** * The main template file * * This is the most generic template file in a WordPress theme * and one of the two required files for a theme (the other being style.css). * It is used to display a page when nothing more specific matches a query. * E.g., it puts together the home page when no home.php file exists. * * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ * * @package WordPress * @subpackage Tally * @since 1.0.0 */ ?>
VAT Invoice is one of the key document to be issued by a registered supplier on the supply of taxable goods and services. Also, tax invoice acts as an evidence for the customer to claim input VAT deduction. Thus, it is utmost important for a taxable person to issue a VAT compliant Tax invoice in accordance with the provisions of the Bahrain VAT Law.
Non-issuance of Tax invoice in accordance with the provisions of Bahrain VAT law may attract the penalty up to BHD 500. On the other side, it will be difficult for the customer to claim Input VAT deduction.
In order to ensure that you issue a VAT compliant invoice, we have prepared a quick checklist with the mandatory details to be captured in the invoice as prescribed by the Bahrain VAT Regulations:
You can download this checklist (pdf file) and start using it right away! Download
Manage VAT Transactions Involving Multiple Currencies with Tally.ERP 9