https://www.taxtmi.com/article/detailed?id=5198 Assessees must maintain records enabling calculation of taxable service value, correct liability and input credit, furnish an account list on first return, preserve records for the prescribed period and make them available for inspection with supervisory approval. Taxable services and input credit distribution must be supported by serially numbered invoices, bills or challans that identify provider and receiver, describe the service, state value and service tax, with sectoral adaptations such as banking documents and a consignment note for goods transport agencies. For reverse charge supplies, invoices should disclose allocation of tax liability and whether tax is payable by the recipient. en-us Thu, 18 Jul 2013 06:16:27 +0530 Thu, 18 Jul 2013 06:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5198 Assessees must maintain records enabling calculation of taxable service value, correct liability and input credit, furnish an account list on first return, preserve records for the prescribed period and make them available for inspection with supervisory approval. Taxable services and input credit distribution must be supported by serially numbered invoices, bills or challans that identify provider and receiver, describe the service, state value and service tax, with sectoral adaptations such as banking documents and a consignment note for goods transport agencies. For reverse charge supplies, invoices should disclose allocation of tax liability and whether tax is payable by the recipient. Articles Service Tax Thu, 18 Jul 2013 06:16:27 +0530 https://www.taxtmi.com/article/detailed?id=5198