Registration and Stamping Requirements — Transportation Business

February 8, 1980 BIR RULING NO. 021-80 Red Carpet Lines, Inc. Leland Drive, Balungbato Baesa, Quezon City Attention: Mr . Severino Daming Manager Gentlemen : This refers to your letter dated October 2, 1979 stating that you are a new corporation engaged in transportation business; that you have brought all the booklets of your bus tickets to the BIR for registration, stamping and signing but that considering the volume of your tickets and the hundred other firms and individuals who are also registering their invoices and other kinds of receipts, the registration, stamping and signing of your tickets have not as yet been finished. Under the foregoing circumstances, you would like to request that your bus tickets be exempted from the registration and stamping requirements, and that you will just be allowed to submit the delivery receipt of the printer as well as the authority to print secured by the printer. In reply, I regret to inform you that your request cannot be granted for lack of legal basis. Bus tickets are part of your accounting records and, therefore, before the same could be actually used, they must have to be registered and stamped with this Office. (See Section 19(d) Revenue Regulations No. V-1, as amended Regulations No. 2-78) Very truly yours, RUBEN B. ANCHETA Acting Commissioner