Service tax

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P V PRASANNA KUMAR (Querist)
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26 February 2014 If I have service tax registration.I raise bill for services.some times i may have to sell something then how to raise the bill.foe example if iam an electrician I raise bill for wiring etc.But if I also supply material how the billing should be

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 March 2014 Raise separate invoices for service and sale.

In case of sale, mention sale on the invoice.

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P V PRASANNA KUMAR

P V PRASANNA KUMAR (Querist)
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04 March 2014 Do I need a vat registration also?Or service registration is enough

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 March 2014 For sale of goods, you need to get yourself registered under VAT if your turnover from SALES exceeds Rs. 5 lakhs.

Service tax registration is required if turnover from SERVICE exceeds Rs. 9 lakhs.
Service tax is to be paid if turnover from SERVICE exceeds Rs. 10 lakhs.

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P V PRASANNA KUMAR

P V PRASANNA KUMAR (Querist)
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05 March 2014 If my turnover is not exceeding 5 lakhs there is no need of Vat registration.Then can i raise invoice without tax.What turnover exactly means.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 March 2014 If your turnover does NOT exceed Rs. 5 lakhs, then you can raise invoice WITHOUT charging tax.

turnover means TOTAL SALES.