Raising of Invoice

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2010 My client is engaged in providing various computer related services , i started my business in August and till march I have raised the invoice amounting to Rs 35,00,000 but applied for registration in march and got the registration number in April 2010, so what can i do

Shyam Lal Naik

Shyam Lal Naik (Expert)
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30 June 2010 Assuming that your services are taxable, first receipt of Rs. 10Lakh shall get exemption. Balance you have to bear the tax burden.

In case your clients agree/can take credit, raise a supplimentary bill for the service tax.

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