25 April 2012
The supplier has a continuous supply agreement with a vendor. As per the agreement, he is required to raise invoice on vendor on quarterly bais.
The supplier receives adavnce from vendor and pays service tax on it within due time line. However the supplier does not raise an invoice within 14 days from receipt of advance. Instead supplier raise invoice quarterly. The supplier also pays balance service tax if any payable on invoice within due time line.
Will non-issue of invoice will lead to any difficulty to the supplier?
25 April 2012
in case of suppier who receives advance in that case such date of advance is considered for s.tax liability....as such there would b no as such difficulty as far as issue of invoice is consnd...
CAclubindia
