Service tax invoice for ongoing events or workshop

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Assistant Mansger
25 Points Posted on 06 July 2012

Dear All,

 

It is queery for Raising of Invoice for Ongoing Events or Workshops we are organising in our Industry. Some events are so long that cover more than one Accounting Periods. Somebody suggest me for the Raising of Invoice and deffering of Income.

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On 06 July 2012 at 15:33 Report
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Taxation Manager
637 Points Posted on 06 July 2012
You are asking in whose perspective, Accounting Standard, Service Tax or any other act.
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On 06 July 2012 at 16:03
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Assistant Mansger
25 Points Posted on 06 July 2012

Dear Ajit,

My querry is for Service Tax prespective only.

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On 06 July 2012 at 16:34
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Taxation Manager
637 Points Posted on 06 July 2012
Then for the purpose of service tax, whenever any payment is released after the completion of an event as mentioned in the contract, service tax will be attracted. Also, as per the completion of an event as mentioned in a contract, the invoices are to be raised for the amount of job completed as per the contract agreed between both the parties.
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On 06 July 2012 at 17:15

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