TaxTMI 
TaxTMI 
Dear Sir,
for amc i m billing 3 month after contract starts date. is it acceptable or not ?
reply need
AMC billing after contract start date
04 Sep 2014 
3 Replies 
2311 Views Asked by
Invoice timing for taxable services: comply with statutory billing time limits to avoid penalties for delayed invoicing.
Invoices for taxable services under the applicable Service Tax Rules must be issued within the statutory time limit following provision or completion of the service; a notification extended that time limit to thirty days and delayed billing beyond the prescribed period may attract penalties for non compliance. Forum responses emphasize the 30 day requirement and warn of potential penalties, though one respondent indicated later billing might be acceptable. (AI Summary)
Invoices for taxable services under the applicable Service Tax Rules must be issued within the statutory time limit following provision or completion of the service; a notification extended that time limit to thirty days and delayed billing beyond the prescribed period may attract penalties for non compliance. Forum responses emphasize the 30 day requirement and warn of potential penalties, though one respondent indicated later billing might be acceptable. (AI Summary)