Tax invoice for work contract

Ranjan (PROPRIETOR) (40 Points)

19 May 2012  

We have issued a Tax invoiced to XYZ party as follow…

Material Rs. 300000.00 Plus

Labour Rs. 200000.00

Total bill issued Rs.500000.00 And

tax charged likewise……..

Rs. 300000 X 5% (VAT) Rs.15000.00

Rs. 200000 X 10.3% (Service Tax) 20600.00

Final bill issued Rs. 535600.00.

Our nature of business is work contractor. My question is this is the right method for tax invoice?

Regards

Ranjan