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Invoice

Sujin Idiculla (Manager) (27 Points)

11 August 2009

I am involved in Software/Website Designing Services, recently I had opened a current account and formed
a proprietorship firm.

I wanted to raise bills/invoice for my customers, I want to know that what is information required to
be present in the invoice, I had not registered my firm nor I had registered for Service Tax No.

I am having my PAN No. Is this enough to mention PAN No. in the invoice

The total turnover is not expected to cross INR 5 Lacs/year and single invoice would not cross the amount of INR 50000/-.
1) Is it neccessary to register the firm.
2) Is it neccessary to have Service Tax No.

Pls. help.

Thank you for your help in advance.

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2 Replies

Satish (CA Final Student) (479 Points)
Replied 11 August 2009

you are well within the limit prescribed for the exemption. Presuming that during the previous year also your Sales/Turnover is well within the said limits, you are eligible for the exemption. As far as invoice is concerned, only PAN no. is sufficient. If VAT is applicable to you, then VAT number is also required on the invoice. It doesn't matter what the amount of invoice is.

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Sujin Idiculla (Manager) (27 Points)
Replied 12 August 2009

Originally posted by :Satish
"	you are well within the limit prescribed for the exemption. Presuming that during the previous year also your Sales/Turnover is well within the said limits, you are eligible for the exemption. As far as invoice is concerned, only PAN no. is sufficient. If VAT is applicable to you, then VAT number is also required on the invoice. It doesn't matter what the amount of invoice is.	"

Thank you for your help.