Service tax

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P V PRASANNA KUMAR (Querist)

26 February 2014 If I have service tax registration.I raise bill for services.some times i may have to sell something then how to raise the bill.foe example if iam an electrician I raise bill for wiring etc.But if I also supply material how the billing should be

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

04 March 2014 Raise separate invoices for service and sale.

In case of sale, mention sale on the invoice.

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P V PRASANNA KUMAR

P V PRASANNA KUMAR (Querist)

04 March 2014 Do I need a vat registration also?Or service registration is enough

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

05 March 2014 For sale of goods, you need to get yourself registered under VAT if your turnover from SALES exceeds Rs. 5 lakhs.

Service tax registration is required if turnover from SERVICE exceeds Rs. 9 lakhs.
Service tax is to be paid if turnover from SERVICE exceeds Rs. 10 lakhs.

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P V PRASANNA KUMAR

P V PRASANNA KUMAR (Querist)

05 March 2014 If my turnover is not exceeding 5 lakhs there is no need of Vat registration.Then can i raise invoice without tax.What turnover exactly means.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

06 March 2014 If your turnover does NOT exceed Rs. 5 lakhs, then you can raise invoice WITHOUT charging tax.

turnover means TOTAL SALES.

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