Invoice format in case of non applicabilityof S tax

[Asked by Guest]

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

[YAGAY and SUN]

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.

Dear Mr. Khatri,

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

[YAGAY and SUN]

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

 

Dear Mr. Khatri,

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

Regards,

Vinod Samant

AI Summary

Service tax obligation: registration and charging arise once turnover thresholds are met; invoices must show full billing details.
Invoices should include standard billing elements (bill number, date, recipient details, service description, taxable value, tax rate and amount, education cesses, and total). Service tax need not be charged until statutory turnover thresholds are met; on reaching the registration threshold a provider must register and file returns (including nil returns where applicable), and on reaching the charging threshold must charge service tax on invoices.