Clause 42

Every taxable person shall issue a serially printed receipt for all consideration in money received in respect of every taxable supply (except for a supply in respect of which a tax invoice has been issued) and shall retain a duplicate of each receipt except that where a computer or other machine is used for recording taxable supplies, receipts may be dispensed with if the Comptroller is satisfied that such computer or machine substantially records accurately all moneys received in respect of taxable supplies.

The Comptroller, or an officer duly authorised by him in that behalf, may direct any taxable person to issue and retain the receipts and their duplicates referred to in subsection (1) in the form and manner approved by the Comptroller, or an officer duly authorised by him, as the case may be.

The Comptroller, or an officer duly authorised by him in that behalf, may waive all or any of the provisions of subsection (1) in respect of any taxable person.

Any person who contravenes or fails to comply with this section or any direction issued pursuant to this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000.