Issuance of a Sales or Commercial Invoice on the Sale or Transaction of Merchandise Valued at P2.00 or more

March 21, 1958 BIR RULING NO. 211-58 Mr. Cesar J. Pechueco San Jose, Antique S i r : In reply to your letter dated January 21, 1958, I have the honor to inform you that Section 14 of Revenue Regulations No. V-1 requires that for each sale or transaction of merchandise valued at P2.00 or more, a sales or commercial invoice must be issued therefor. In case the transaction is valued at less than P2.00, a sales or commercial invoice need not be issued, but unless it is issued, the transaction must be recorded immediately after it is effected in a record of petty sales or transactions the entries in which shall be summarized at the end of the day and the total transferred to the journal or internal revenue sales book or book of receipts. When the gross sales of the taxpayer during the preceding year is P20,000.00 or more, a sales or commercial invoice shall always be issued irrespective of the amount thereof. The Commissioner of Internal Revenue resolves requests for exemption from the operations of the law only in accordance with the merits of each individual case. No hard and fast rule can be promulgated in this regard. Accordingly, any taxpayer requesting for such exemption should submit his case squarely before this Office; and no such exemption can be granted on the basis of a mere hypothesis. Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue