Clarification in respect of biling of chartered accountants in ST-3

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In case of chartered accountants, they maintain their books of accounts on cash basis and pay the service tax on receipts basis. The billing raised by them on their clients do not appear in their regular main books of accounts- It appears only in a memorandum account outside the main financial books. Under such circumstances, how far is it necessary for them to show the Billing raised in the revised format of ST-3 Could u pl clarify? Thanks

AI Summary

Chartered Accountants Must Issue Invoices Within 14 Days for Service Tax, Regardless of Accounting Method A query was raised regarding the billing practices of chartered accountants in relation to the ST-3 form for service tax. Chartered accountants maintain their accounts on a cash basis, recording bills in a memorandum account separate from their main financial books. The question was about the necessity of showing these bills in the revised ST-3 format. The response clarified that the method of accounting is irrelevant for service tax purposes. Service tax rules require that invoices be issued within 14 days, and compliance with statutory requirements is necessary without linking them to account books.