About Billing
This query is : Resolved
03 July 2009
A telecom dealer whose turnover is below 10 lacs is paying service tax on his purchases.
can he issue invocies (sale)by charging service tax from his customers or he can issue invoice without charging service tax.
because till 10 lacs he is not filing return of S.Tax.
So plz tell me about billing of current situtation and after 10 lacs situtation.
can he issue invocies (sale)by charging service tax from his customers or he can issue invoice without charging service tax.
because till 10 lacs he is not filing return of S.Tax.
So plz tell me about billing of current situtation and after 10 lacs situtation.
05 July 2009
If he is a dealer who procures currency and sells the currecny then there is no service tax applicable tohim.
However if he recives the commission for the sales made by him the liability would exist over the exemption limit. Agreements/ condition wouldbe cirtical.
However if he recives the commission for the sales made by him the liability would exist over the exemption limit. Agreements/ condition wouldbe cirtical.
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