BIR Ruling

June 14, 1968 Mr. Angel M. Vecino Attorney-at-Law R-208 Martinez Building Dasmarias, Manila S i r : This refers to your letter dated June 3, 1968 requesting, in effect, information on whether or not goods and merchandise being delivered should be accompanied by sales invoices even prior to the acceptance of said goods and merchandise. You represented that your client, the Century Auto Supply, Inc., is engaged in the wholesale and retail business of automotive parts, spare parts and related articles; that when it fills purchase orders, it is its practice to accompany the shipments only with delivery receipts and to issue the corresponding sales invoices only after acceptance of the deliveries by its buyers. The delivery receipts and sales invoices used by your client are duly registered with the Bureau. In reply, I have the honor to inform you that the foregoing practice observed by your client conforms substantially with the requirements of Section 204 of the Tax Code as amplified by the Bookkeeping Regulations. You have, therefore, given the correct advice to your client. adc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue