(1) A taxable person who makes a taxable supply may apply for approval to use a sales receipt pursuant to subsection (3) of section 41 of the Act.

(2) The Commissioner-General may authorise the issue of a sales receipt where

(a) the taxpayer makes low value, high volume supplies;

(b) supplies are paid for in cash; and

(c) the taxable person uses an electronic device approved by the Commissioner-General for the issue of the sales receipt.

(3) The sales receipt in subregulation (1) shall be printed in duplicate and shall contain the following minimum information:

(a) the name and full address of the supplier;

(b) the Tax Identification Number;

(c) the serial number of the receipt;

(d) either the gross amount of the transaction, including the tax or the amount of the transaction and the tax; and

(e) the date of the transaction.

(4) The authorisation shall be for a period determined by the Commissioner-General and may be renewed.

(5) Despite subregulation (2), upon a request by a purchaser who is registered for the tax, the vendor shall issue a tax invoice showing the information required by or under subsection (6) of section 41 of the Act making reference to the serial number of the receipt covering the transaction.

(6) A sales receipt does not qualify for input tax deduction.