AMC billing after contract start date
Dear Sir,
for amc i m billing 3 month after contract starts date. is it acceptable or not ?
reply need
Billing AMC Three Months Late May Breach Service Tax Rules; Issue Invoices Within 30 Days to Avoid Penalties. A user inquired about the acceptability of billing for an AMC (Annual Maintenance Contract) three months after the contract start date. A consultant advised that, according to updated rules, invoices must be issued within 30 days after providing taxable services, warning of potential penalties for non-compliance. Another respondent referred to the Service Tax Rules, 1944, confirming the 30-day limit as per a 2012 notification. A third response simply stated that the practice is acceptable. (AI Summary)
Service Tax