we are power trader & giving the supply of electricity. we are giving the supply of electricity to client on dt. 05.08.2016. on that supply we have charge trading margin with service tax @15/- ( sbc & kkc) & same tax deposit to the Department. but we are giving the invoice no. on the same supply on dt. 17.10.2016.
my query is that following: 1. this is right to generate invoice later to supply. 2. In which return that would right to show amount either 1st half or 2nd half year return.
18 October 2016
1 Yes it is right to generate invoice later to supply but within 30 days of completion of supply. 2 In view of invoice issued after 30 days the point of taxation will be the date of completion of supply hence it will fall under 1st half.