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
Financial Consultant Learns Invoice Tips: No Service Tax Needed Below Rs. 1,000,000; Essential Details Still Required A small service provider in financial consultation sought advice on the appropriate invoice format for services not subject to service tax due to not surpassing the registration threshold. An advisor clarified that while no specific invoice format is mandated by Service Tax Laws, essential details like bill number, date, and service description should be included. The advisor further explained that service tax need not be charged until the provider exceeds the threshold limit of Rs. 1,000,000, at which point registration and tax filing become necessary. The provider expressed gratitude for the guidance received. (AI Summary)