contrary to the law, akealot does not automatically create an invoice

we allways have to request for a Invoice Takealot does not automatically create an invoice, contrary to the law, thereby gaining an ******** competitive advantage over its competitors who comply with the law

The Law say:

a supplier in South Africa is automatically obliged to create and submit an invoice in certain circumstances. According to the South African Revenue Services (SARS), a supplier must issue a tax invoice when they make a taxable supply. A taxable supply is any supply of goods or services that is subject to VAT. The invoice must be issued within 21 days of the time the supply was made.

There are some exceptions to this rule. For example, a supplier is not required to issue an invoice if the consideration for the supply is R50 or less. However, a document such as a till slip or sales docket indicating the VAT charged by the supplier will be required to verify the input tax deducted.

The invoice must contain certain information, including the following:

The words "Tax Invoice", "VAT Invoice" or "Invoice" The name, address and VAT registration number of the supplier The name, address and, where the recipient is a vendor, the recipient's VAT registration number The serial number and date of issue of invoice The description of the goods or services supp**** The quantity of the goods or services supp**** The price of the goods or services supp**** The VAT amount charged The invoice must be issued in South African Rand.

If a supplier fails to issue an invoice, they may be liable to penalties from SARS.

Here are some of the benefits of issuing an invoice:

It provides a record of the transaction for both the supplier and the customer. It helps to track the flow of goods and services. It can be used to claim input tax. It can be used as evidence in the event of a dispute. Therefore, it is important for suppliers in South Africa to issue invoices in accordance with the law.