Presentation of Service Tax and education cess
This query is : Resolved
09 August 2010
Do we have to show service tax,primary education cess and secondary education cess seperatly on an invoice or can we mention Service Tax (Inclusive of education cess ) or as Service tax @ 10.30%. Pls quote circular no also if possible.
09 August 2010
IN INVOICE IT IS NOT MANDATORY TO SHOW SEPERATELY.
09 August 2010
THERE IS NO NEED TO SHOW ON INVOICE SERVICE TAX , EDUCTION CESS AND HIGHER EDUCATION CESS SEPRATELY IN INVOICE.
BUT IN BOOKS OF ACCOUNTS, IT WILL BE ACCOUNTED IN SEPRATE HEADS.
BUT IN BOOKS OF ACCOUNTS, IT WILL BE ACCOUNTED IN SEPRATE HEADS.
09 August 2010
I need the relevant part of text,circular , notification also
09 August 2010
Rule 4A of Service tax rules 1994 states as under:
Rule 4A. Taxable service to be provided or credit to be distributed on invoice, bill or challan -
(1) Every person providing taxable service shall not later than fourteen days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable service, whichever is earlier issue an invoice, a bill or, as the case may be, a challan signed by such person or a person authorized by him in respect of taxable service provided or to be provided and such invoice, bill or, as the case may be, challan shall be serially numbered and shall contain the following, namely :-
(i) the name, address and the registration number of such person;
(ii) the name and address of the person receiving taxable service;
(iii) description, classification and value of taxable service provided or to be provided ; and
(iv) the service tax payable thereon.
Provided that in case the provider of taxable service is a banking company or a financial institution including a non banking financial company, or any other body corporate or [any other person]7, providing service [to any person]22 in relation to banking and other financial services, an invoice, a bill or, as the case may be, challan shall include any document, by whatever name called, whether or not serially numbered, and whether or not containing address of the person receiving taxable service but containing other information in such documents as required under this sub-rule.
Provided further that in case the provider of taxable service is a goods transport agency, providing service [to any person]22, in relation to transport of goods by road in a goods carriage, an invoice, a bill or, as the case may be, a challan shall include any document, by whatever name called, which shall contain the details of the consignment note number and date, gross weight of the consignment and also contain other information as required under this sub-rule.
Provided also that where any payment towards the value of taxable service is not received and such taxable service is provided continuously for successive periods of time and the value of such taxable service is determined or payable periodically, an invoice, a bill, or as the case may be, a challan shall be issued by a person providing such taxable service, not later than fourteen days from the last day of the said period.
(2) Every input service distributor distributing credit of taxable services shall, in respect of credit distributed, issue an invoice, a bill or, as the case may be, a challan signed by such person or a person authorized by him, for each of the recipient of the credit distributed, and such invoice, bill or, as the case may be, challan shall be serially numbered and shall contain the following namely:-
(i)
the name, address and registration number of the person providing input services and the serial number and date of invoice, bill, or as the case may be, challan issued under sub-rule (1);
(ii) the name and address of the input service distributor;
(iii) the name and address of the recipient of the credit distributed;
(iv) the amount of the credit distributed.
Provided that in case the input service distributor is an office of a banking company or a financial institution including a non-banking financial company or any other body corporate or [any other person] 7, providing service [to any person]22, in relation to banking and other financial services, an invoice, a bill or, as the case may be, challan shall include any document, by whatever name called, whether or not serially numbered but containing other information in such documents as required under this sub-rule.
Here only service tax should be shown in the bill nothing is mentioned for EC & HSEC and hence not mandatory but would be preferable if not much effort is put in to show the same in the invoice.
Rule 4A. Taxable service to be provided or credit to be distributed on invoice, bill or challan -
(1) Every person providing taxable service shall not later than fourteen days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable service, whichever is earlier issue an invoice, a bill or, as the case may be, a challan signed by such person or a person authorized by him in respect of taxable service provided or to be provided and such invoice, bill or, as the case may be, challan shall be serially numbered and shall contain the following, namely :-
(i) the name, address and the registration number of such person;
(ii) the name and address of the person receiving taxable service;
(iii) description, classification and value of taxable service provided or to be provided ; and
(iv) the service tax payable thereon.
Provided that in case the provider of taxable service is a banking company or a financial institution including a non banking financial company, or any other body corporate or [any other person]7, providing service [to any person]22 in relation to banking and other financial services, an invoice, a bill or, as the case may be, challan shall include any document, by whatever name called, whether or not serially numbered, and whether or not containing address of the person receiving taxable service but containing other information in such documents as required under this sub-rule.
Provided further that in case the provider of taxable service is a goods transport agency, providing service [to any person]22, in relation to transport of goods by road in a goods carriage, an invoice, a bill or, as the case may be, a challan shall include any document, by whatever name called, which shall contain the details of the consignment note number and date, gross weight of the consignment and also contain other information as required under this sub-rule.
Provided also that where any payment towards the value of taxable service is not received and such taxable service is provided continuously for successive periods of time and the value of such taxable service is determined or payable periodically, an invoice, a bill, or as the case may be, a challan shall be issued by a person providing such taxable service, not later than fourteen days from the last day of the said period.
(2) Every input service distributor distributing credit of taxable services shall, in respect of credit distributed, issue an invoice, a bill or, as the case may be, a challan signed by such person or a person authorized by him, for each of the recipient of the credit distributed, and such invoice, bill or, as the case may be, challan shall be serially numbered and shall contain the following namely:-
(i)
the name, address and registration number of the person providing input services and the serial number and date of invoice, bill, or as the case may be, challan issued under sub-rule (1);
(ii) the name and address of the input service distributor;
(iii) the name and address of the recipient of the credit distributed;
(iv) the amount of the credit distributed.
Provided that in case the input service distributor is an office of a banking company or a financial institution including a non-banking financial company or any other body corporate or [any other person] 7, providing service [to any person]22, in relation to banking and other financial services, an invoice, a bill or, as the case may be, challan shall include any document, by whatever name called, whether or not serially numbered but containing other information in such documents as required under this sub-rule.
Here only service tax should be shown in the bill nothing is mentioned for EC & HSEC and hence not mandatory but would be preferable if not much effort is put in to show the same in the invoice.
09 August 2010
well explained by Aditya ji.
09 August 2010
As these are different levy,reqd to be shown seperatly
09 August 2010
Only service tax should be shown in the bill is mentioned in the rule nothing is mentioned for EC & HSEC and hence not mandatory but would be preferable if not much effort is put in to show the same in the invoice.
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