All about Service tax Invoice/Bill

Service provider issues service tax invoice after rendering of service. There is separate rule for issuance of service tax invoice:   Time Limit of issuance of service tax invoice: Invoice must be issued within thirty days from the date of completion of taxable services or receipt of payment, whichever is earlier. For banking and other financial services, time limit is 45 days. For continuous supply of service, invoice should be issued within 30 days from the date of completion of each event which requires service receiver to make payment to service provider.   Meaning of completion of taxable services: completion of services means physical part of services and also auxiliary part like measurement, quality testing etc is completed. So services are completed after completion of all the necessary activities of services. This does not include irrelevant reasons. Kindly note that issue of invoice is not required when small payment up to Rs. 1000 has been received. Thus this small amount is not covered under point of taxation rules.   Details on Invoice: As per rule 4A (1) Invoice or bill should be signed by authorized person and should be serially number and date should be mentioned. Following details should be shown on invoice 1.       Name, address and registration number of person providing taxable services. 2.       Name and address of person receiving taxable services. 3.       Description and value of taxable...

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