VAT Ruling No. 092-88
VAT Ruling No. 092-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 14, 1988
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April 14, 1988 VAT RULING NO. 092-88 108-000-00-092-88 Petrophil Corporation 7901 Makati Avenue Makati, Metro Manila Attention: Atty . Elpidio M . Gamboa, Jr . Legal Counsel S i r s : This refers to your letter dated January 29, 1988 requesting for a clarificatory ruling on the transitory requirement of filing an inventory of unused invoices and receipts by VAT-registered taxpayers. In reply, please be informed that under Section 26 (d) of RR 5-87, all VAT registered persons should submit an inventory of such invoices or receipts not later than January 31, 1988 and specify in the said report of inventory which of the invoices shall be used on VAT transactions. These invoices should be stamped with your VAT registration number and should be used only for VAT taxable sales. Separate invoices which do not bear your VAT registration number should be issued for your exempt sales. casia Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
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