Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 October 2016 Dear Expert,

we are power trader & giving the supply of electricity. we are giving the supply of electricity to client on dt. 05.08.2016. on that supply we have charge trading margin with service tax @15/- ( sbc & kkc) & same tax deposit to the Department. but we are giving the invoice no. on the same supply on dt. 17.10.2016.

my query is that following:
1. this is right to generate invoice later to supply.
2. In which return that would right to show amount either 1st half or 2nd half year return.

Please solve quary with proper explanation .

Thank you so much in advance.

Regards

Manoj Chawla

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 October 2016 1 Yes it is right to generate invoice later to supply but within 30 days of completion of supply.
2 In view of invoice issued after 30 days the point of taxation will be the date of completion of supply hence it will fall under 1st half.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 October 2016 THANK YOU SO MUCH SIR

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