INVOICE FORM

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SIJU VARGHESE (Querist)

24 April 2010 Sir,

A Proprietor doing Job Works like Manufacturing of Frames, Tables, Etc. on Order from Customers.
My question is, which Invoice form he has to maintain in the following cases,
1.Use Materials Purchased by himself.
2.Use Materials issued by Customers.
3.Use Materials Purchased by hmself & issued by customers.

And also in this case, on which works he has to collect VAT.

In this question my Assumption is,
He has to maintain only Form 8C Invoice and he has to collect VAT,
In case 1 - on value of Material+profit
In case 2 - NIL
In case 3 - on value of Material purchased by him + Profit.
And Service Tax on Labour Charge if it exceeds Rs.1.5 Crores.

Is it Correct?

Please Reply

Thanks in Advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

24 April 2010 I presume that the question is related to:- 1)Kerala Value Added Tax,2003.
2)The dealer has not opted compounding.
If it is so your observation on invoicing is correct.

As far as service tax is concerned if the taxable value of services received is more than Rs.10/- lakhs per annum, the service provider has to pay service tax.

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