Notification No. S.R.O. 554(I)/96, dated 1st July, 1996.--

In exercise of powers conferred under proviso to sub-section (1) of section 22 of the Sales Tax Act, 1990, the Central Board of Revenue is pleased to prescribe the following records to be maintained and kept by the registered importers, distributors and wholesalers making supply of taxed goods without charging output tax on such supplies, namely,--

(a)    record of goods sold indicating the description, quantity and value of goods, name, address and registration number, if any of the person to whom goods were sold;

(b)    record of goods purchased indicating the description, quantity and value of goods, name, address and registration number of the supplier and the amount of tax paid on purchases;

(c)    bill of entry and tax invoice relating to the goods purchased; replacement invoice for the goods sold indicating the amount of tax paid thereon at the previous stage; and

(d)    inventory records.