AMC billing after contract start date, Service Tax

[leela mahesh]

Dear Sir,

for amc i m billing 3 month after contract starts date. is it acceptable or not ?

reply need

Posts / Replies

[Pradeep Khatri]

Dear Leela,

As per the new rules you have to issue invoice/bill within 30 days (earlier it was 14 days) after the completion or providing of the taxable services. You may be penalized for non compliance of law.

Regards

YAGAY and SUN

(Management and Indirect Tax Consultants)

[Naveed S]

Also refer rule 4A (1) of Service Tax Rules, 1944 for detailed study of the topic, and vide notification no. 3/2012 ST dated 17-3-2012, w.e.f. 1.4.2012, the time limit has been changed to 30 days.

[Arun Kumar Singh]

Yes, it is acceptable.