13 January 2012
I have got regn for Centralised Accounting & Billing for my offices @ Bangalore & Mumbai. I am dealing in Software & Service supports. I stock transfer to Mumbai branch. We bill it from Bangalore to endusers, charging MVAT & Srv Tax. Since it is sold out of Stock Transfer I charge MVAT. Which Address the bill should have on Top, whether it should be Blr or Mumbai address.
If I mention the Mumbai address and raise Service tax bill, is it wrong as per Centralised regn rules.
The Books of accounts for both Blr & Mumbai maintained seperately @ Bangalore.
Pl clarify, suggest and provide me opinion & solutions.
14 January 2012
According to me you have to take separate registration for mumbai bcoz in your case you can not raise separate invoices for products and services. You have to raise single invoice in which you have to charge VAT as well as service tax. If you go with banglore address then it would be wrong as per MVAT Act and if you go with Maharashtra address then it would be wrong as per Service tax act.
So you should take separate registration for Maharashtra under service tax act.
Mean while I hv enquired with Service Tax PRO in regard to Certralised Accounting & Billing on 13th evening. He says, Your regn certificate says Accounting OR Billing. Hence Mumbai Addressed billing could be done from Bangalore. Our Range official says, it is advisable to Inform the range thru a letter that we will be raising billing of Mumbai from Bangalore.
We are confused with words " Centralised Accounting OR Billing ".
16 January 2012
Centralized accounting and billing means that bills or invoices of more than 2 business address to be raised by from one address i.e. mentioned at the time of centralized registration or accounting also to be done from said address. In your case there is no problem for issuing of invoices of mumbai from banglore as far as service tax is concerned. But for complying with MVAT Act, you need to raise invoice from the address of mumbai bcoz there is no concept of centralized registration in VAT laws.
So to over come this problem you need to take separate registration for mumbai under service tax act.
CAclubindia
