Service tax invoice requirements and input service distributor credit rules clarified; insurers given optional simplified premium-based payment method with exceptions. A new Rule 4A requires every provider of taxable services to issue a serially numbered, signed invoice, bill or challan listing the provider's name, address and registration number, the recipient's name and address, description, classification and value of the taxable service and the service tax payable; input service distributors must issue serially numbered documents for each recipient showing provider and distributor particulars, originating invoice serial number and date, recipient particulars and the amount of credit distributed.
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Service tax invoice requirements and input service distributor credit rules clarified; insurers given optional simplified premium-based payment method with exceptions.
A new Rule 4A requires every provider of taxable services to issue a serially numbered, signed invoice, bill or challan listing the provider's name, address and registration number, the recipient's name and address, description, classification and value of the taxable service and the service tax payable; input service distributors must issue serially numbered documents for each recipient showing provider and distributor particulars, originating invoice serial number and date, recipient particulars and the amount of credit distributed.
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