Regarding invoice
This query is : Resolved
Pandharinath
(Querist)
30 September 2015
Dear all,
We have taken one order from one company of Rs 50000/-for services.
1.If i take advance of Rs.10000/-then should i raise invoice of Rs 50000 or Only should i raise invoice of Rs.10000.
2.on which amount we want to pay service tax to government.
We have taken one order from one company of Rs 50000/-for services.
1.If i take advance of Rs.10000/-then should i raise invoice of Rs 50000 or Only should i raise invoice of Rs.10000.
2.on which amount we want to pay service tax to government.
CA AnKiT BoHrA (AB)
(Expert)
30 September 2015
on advance u need not to raise a invoice dear... u have to pay tax on 10000 i.e. amount recd as advance
30 September 2015
Hi,
first raise the invoice for receipt of amount in advance (in your case 10,000.00) and pay service tax on the same, later once your complete the agreed services, then pay service tax on that bal. amount (in your case it is 40,000.00).
Note: In case if you receive any amount again, before the completion of service, then pay service tax on that amount before you complete the providing the services to the party.
Hope it has been clarified.
first raise the invoice for receipt of amount in advance (in your case 10,000.00) and pay service tax on the same, later once your complete the agreed services, then pay service tax on that bal. amount (in your case it is 40,000.00).
Note: In case if you receive any amount again, before the completion of service, then pay service tax on that amount before you complete the providing the services to the party.
Hope it has been clarified.
Pandharinath
(Querist)
30 September 2015
Dear Sir,
can i raise invoice of advance amount of rs.10000/- pls secify notification no
can i raise invoice of advance amount of rs.10000/- pls secify notification no
Pandharinath
(Querist)
30 September 2015
Dear Prashad Sir,
There is showing only we have to raise invoice with in 14 days from (Completion of service)and received any any receipt toword the value of taxable service.
There is not showing,on which amount we have to raise invoice.
There is showing only we have to raise invoice with in 14 days from (Completion of service)and received any any receipt toword the value of taxable service.
There is not showing,on which amount we have to raise invoice.
30 September 2015
extracts of that rule:-
Every person providing taxable service shall....days from the date of
such taxable service or receipt of any payment towards the value of such taxable service, whichever is
earlier] issue an invoice
Every person providing taxable service shall....days from the date of
such taxable service or receipt of any payment towards the value of such taxable service, whichever is
earlier] issue an invoice
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