Invoice format in case of non applicabilityof S tax, Service Tax

[vinod samant]

I am a small service provider, providing financial consultation service.

I have started my consultancy in this previous year and have not yet crossed the thresh hold limit for registration under S.Tax.

I would like to know what form of invoice should i isuue to my clients and would be obliged if any one could upload a proforma invoice for my guidance.

thank you.

Regards,

Vinod Samant

Posts / Replies

[Pradeep Khatri]

Since no format of the Invoice has been prescribed in the Service Tax Laws. But all the ingredients of an invoice should be incorporated viz: - Bill No. Date, Name of Party with Service Tax No. STC No., Nature of service being provided, Value , Rate of Tax, Amount of Tax, Ed. Cess, SHE Cess, Total invoice Value etc.

[vinod samant]

Dear Mr. Khatri,

Do I have to charge S.tax in the bill even though I have not crossed the threshhold limit?

[Pradeep Khatri]

Dear Vinod,

 

No need to charge the Service Tax till you crossed the threshold limit. On reaching the threshold limit of Rs. 900000/- you will have to get yourself resigtered with Service Tax Department and you will have to file Nil return.  On reaching the threshold limit of Rs. 1000000/- you will have to charge service tax on your bills/invioces/challans (as the case may be).

 

Thanks & Best Regards,

 

Pradeep Khatri

 

[vinod samant]

Dear Mr. Khatri,

Thank you for the explanation. It was of great help.

Regards,

Vinod Samant