Blog 9 : Invoice under Rule 4A :

Invoice under Rule 4A :

Service Provider has to issue invoice / challan / bill within 30 days from the date of completion of service of from the date of payment, whichever is earlier.

Invoice contain,

      I.        Name, Address, Registration Number & Category of Service of said person.

     II.        It should be serially numbered.

    III.        Name & address of a person who is receiving the service.

   IV.        Description, classification of taxable value of service provided

    V.        Service tax payable thereon

   VI.        If invoice is in Reverse charge, the same has also to be mentioned in invoice for the share of service provider & the receiver to discharge the liability respectively.

  VII.        It should be signed either physically or digitally, i.e. signature is must on the invoice.

 VIII.        Tax payment is to be round up.

Specimen under reverse charge ..

Particulars		Amount
Taxable service		1,000.00
Service Tax.
Service Tax thereon	124.00
Less : Payable by service Recipient (Assume 50%)	62.00	62.00
Invoice Value		1,062.00

Blog 8 : Manner of Payment of Service Tax :

Manner of Payment of Service Tax :

1)     Calculate the amount payable after CENVAT credit

2)     Pay by remittance in GAR 7 challan

3)     Service tax is payable on the amount net of VAT or ST.

4)     Service tax payable as service recipient is only through remittance by challan GAR 7. This cannot be paid by adjusting CENVAT credit.

Payment of Service Tax :

The Tax has to be paid through GAR 7 challan. If in previous year, tax paid is more than or equal to Rs, 1 Lakhs (including the amount paid by utilisation of CENVAT credit) the payment should be made electronically i.e. through internet banking.

Due Dates for paying to the credit of Central Government are :

Other than body Corporate (Individual / Firm / LLP) :

Payable on amounts received during the quarter	Due Date
	Manual	e-Payment
1st April to 30th June	5th July	6th July
1st July to 30th September	5th October	6th October
1st October to 31st December	5th January	6th January
1st January to 31st March	31st March	31st March

Body corporate (HUF / Companies / AOP / BOI/ Society etc.) :

Payable on amounts received during the month	Due Date
	Manual	e-Payment
April	5th May	6th May
May	5th June	6th June
June	5th July	6th July
July	5th August	6th August
August	5th September	6th September
September	5th October	6th October
October	5th November	6th November
November	5th December	6th December
December	5th January	6th January
January	5th February	6th February
February	5th March	6th March
March	31st March	31st March