Centralized accounting/billing

[NEERAJ KUMAR, RANCHI]

What is the meaning of centralized billing/accouunting. Has this been defined any where? Is there any legal authoritative diffinition of this? Kindly let me know in detail with with proper mention of authrotiy.

[YAGAY and SUN]

Respected Sir,

Though Centralized billing or Accounting has not been defined in Servcie Tax laws, but following may be useful in this regard, namely:-

1. Service Tax Trade Notice No. 13/2007, dated 14-09-2007 of Ahmedabad Commissionerate.
2. Clarification vide F. No. B/1/6/2005 -TRU dated 27-07-2005
3. Board circular No. 354/106/2000 -TRU dated 08-08-2005 on the topic of Centralized registration.
This is for your kind information.

Best Regards,

Pradeep Khatri

AI Summary

Centralized billing: administrative guidance addresses registration and accounting where no statutory definition exists.
Centralized billing or accounting lacks a statutory definition under service tax; administrative pronouncements-trade notices, clarificatory letters from the tax policy wing, and board circulars on centralized registration-provide the operative guidance for registration, billing practices and accounting treatment where functions are managed centrally.