Service tax for bills entered on provision basis
This query is : Resolved
16 August 2011
Service Bill is received for the month of Dec 2010 dt 31/05/2011. in the month of dec 2010 bill was entered on provision basis with st amt. and reversed in the mth of may with tds. at that time st payment was on receipt basis. but now it is on Billing basis. how is this entry to be done.
16 August 2011
1st of all , bill can not be issued in advance, it should be "proforma invoice", on the date of actual billing the original bill will come in exsistance and proforma should be treated as cancelled on presentation of original bill.
service tax is not applicable on proforma invoice, but applicable on receipt of payment / issue of invoice whichever is earlier.
service tax is not applicable on proforma invoice, but applicable on receipt of payment / issue of invoice whichever is earlier.
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