Creating Invoice with PAN No.

This query is : Resolved

Sujin Idiculla (Querist)
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11 August 2009 I am involved in Software/Website Designing Services, recently I had opened a current account and formed
a proprietorship firm.

I wanted to raise bills/invoice for my customers, I want to know that what is information required to
be present in the invoice, I had not registered my firm nor I had registered for Service Tax No.

I am having my PAN No. Is this enough to mention PAN No. in the invoice

The total turnover is not expected to cross INR 5 Lacs/year and single invoice would not cross the amount of INR 50000/-.
1) Is it neccessary to register the firm.
2) Is it neccessary to have Service Tax No.

Pls. help.

Thank you for your help in advance.

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)
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11 August 2009 for a proprietorship concern you need not to register anywhere, by opening a current a/c you can start business. if your service is taxable under service tax then upto 10 lacs billing uou are exempted.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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11 August 2009 It appears that you are concerned with Service Tax(Since you have refered Rs. 10L) and TDS provision(since you have refered Rs. 50K).

TDS will be applicable in your case, if the consideration for a single work exceeds Rs. 20K or the total consideration for a customer during the year exceeds Rs. 50K.

Your service Tax query has been taken care of by Mr. Mishra.

Mentioning the PAN in the invoice is not compulsory, but is required to be furnished to the deductor. How ever it is good practice, and furnishing of PAN on invoice will be compulsoty w.e.f 01-04-2010.

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