- Date of Invoice
- Date of Payment (including advance) whichever is earlier
- Date of completion of the provision of service or payment (including advance)
- Bill issued on 01.08.2012(with in 30 days )= PoT is 01.08.2012 date of invoice in this case.
- Bill issued on 10.08.2012(after 30 days ) =POT is 05.07.2012 date of completion of service.
- The name, address and registration number of the service provider.
- The name and address of the service receiver
- Date of raising of invoice
- Description and value of taxable service provided.
- The amount of ST and Education cess/SHE Cess charged on such service tax
- Breakup of the amount charged towards the service
- Details as to exemption being claimed with reference to the concerned notification
- The Education Cess and SHE Cess to be shown separately in the invoice in order to comply with the requirements of CENVAT Credit Rules to facilitate the availment of CENVAT credits by recipient-para 5.1 of Circular No.97/8/2007-ST dated 23.8.2007.
What does a service provider need to indicate on the invoice when he is liable to pay only a part of the liability under the partial reverse charge mechanism?
The service provider shall issue an invoice complying with Rule 4A of the Service Tax Rules 1994. Thus the invoice shall indicate the name, address and the registration number of the service provider; the name and address of the person receiving taxable service; the description and value of taxable service provided or agreed to be provided; and the service tax payable thereon. As per clause (iv) of sub-rule (1) of the said rule 4A ‘’the service tax payable thereon’has to be indicated. The service tax payable would include service tax payable by the service provider.
- (i) name of consignor and consignee;
- (ii) registration number of goods carriage in which goods are transported;
- (iii) details of goods transported;
- (iv) details of place of origin and destination;
- (v) person liable for paying service tax whether consignor, consignee or GTA.
- (i) Name, address, registration number, serial number and date of invoice or bill or challan of input service provider;
- (ii) Name & address of input service distributor;
- (iii) Name and address of recipient of credit;
- (iv) Amount of credit distributed.
Cenvat Credit Is now available to Service Receiver on Receipt of Invoice : Rule 4(7) of the CCR,2004 has been amended providing that Credit of Service tax is to be taken on receipt of invoice, however if no payment of supplier invoice is made within three months, then such CENVAT Credit will have to be reversed and will be allowed only after making its payment.
Rule 6(3) of Service Tax Rules,1994 which is given below for ready reference:
“Where an assessee has issued an invoice or received any payment, against a service to be provided which is not so provided by him either wholly or partially for any reason, or where the amount of invoice is renegotiated due to deficient provision of service, or any terms contained in a contract, the assessee may take the credit of such excess service tax paid by him, if the assessee:-
(a) Has refunded the payment or part thereof, so received for the service provided to the person from whom it was received; or
(b) Has issued a credit note for the value of the service not so provided to the person to whom such an invoice has been issued.”
• Failure to issue correct invoice with complete details and account for the invoice in his books of accounts.