Tax Liability of Persons Conducting Business as Dealers in General Merchandise

January 5, 1959 BIR RULING NO. 047-59 Mr. Dios Laurel Catalua Bacolod City S i r : In reply to your letter dated December 10, 1958, I have the honor to inform you that persons conducting business as dealers in general merchandise and as wholesale dealers in articles subject to specific tax in the same place or establishment must keep and use a separate ledger and journal wherein they will record their sales of articles subject to the specific tax, pursuant to Section 5, Revenue Regulations No. V-62. As to the second and last query, please be informed that sales of cigarettes and matches valued at P2.00 or more, should be invoiced separately from the sale of other merchandise not subject to specific tax. If, however, the value of the articles sold subject to specific tax is less than two pesos, an invoice need not be issued, but unless an invoice is issued, the transaction must be recorded immediately after it is effected in a record of petty sales adopted exclusively for the sale of articles subject to specific tax, the entries in which shall be summarized at the end of the day and the total transferred to the sales book also adopted for the sale of articles subject to specific tax. However, if your gross sales or receipts during the last preceding year exceed P20,000.00, you are required to issue an invoice for each transaction irrespective of the value of the articles sold. LexLib Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue