Gujarat Value Added Tax Act, 2003
(1) A registered dealer who sells taxable goods to another registered dealer, [shall provide him] at the time of sale, with a tax invoice containing such particulars as may be prescribed and retain a copy thereof: Provided that a tax invoice shall not be issued by a dealer- (a) in respect of the goods specified in Schedule I or exempt by notification under sub-section (2) of section 5; (b) who has given an option to pay lumpsum tax in lieu of tax under [section 14, - 14A, [14B, 14C] or 14D;] (c) for sale in the course of inter-State trade or commerce or export out of the territory of India; [ * ] (d) to a person who is not a registered dealer; [ or ] 117(e) [in such other cases as the State Government may, by notification in the Official Gazette, specify.]. (2) Except when tax-invoice is issued under sub-section (1), if a registered dealer sells any goods exceeding rupees one hundred in value in any one transaction to any person, he shall issue to the purchaser a retail invoice, containing such particulars as may be prescribed and retain a copy thereof. [(3)if any registered dealer contravenes the provisions of subsection (1) or (2), the Commissioner may, after giving him an opportunity of being heard, direct him to pay by way of penalty a sum not exceeding ten per cent. of the amount of the transaction of sale in respect of which such contravention has been made.]