Difference between revisions of "6. Can I mixed the sales tax and service tax in single invoice?"

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(Created page with "<big>'''Issue:'''</big> :Sales tax and service tax having different accounting basis as explained below. Can I mixed the sales and service tax code in single document? :'''a)...")
 
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<big>'''Solution:'''</big>  
 
<big>'''Solution:'''</big>  
:Customs officer has recommended the company should issue the invoice, debit note and credit note for sales and service invoice separately. Indicate the sales and service tax registration no on the invoice letter head separately as well. This is to ease the Customs audit operation purpose.
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:1. Customs officer has recommended the company should issue the invoice, debit note and credit note for sales and service invoice separately.
 
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:2. Indicate the sales and service tax registration no on the invoice letter head separately as well.
[[File:05-FAQ-01.jpg|800px]]
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:3. This is to ease the Customs audit operation purpose.

Revision as of 08:03, 4 September 2019

Issue:

Sales tax and service tax having different accounting basis as explained below. Can I mixed the sales and service tax code in single document?
a) SALES TAX
  • Billing / accrual basis
  • Sales Tax required to be accounted at the time when the goods are sold, disposed or first used
b) SERVICE TAX
  • Payment basis
  • Service Tax required to be accounted at the time when the payments is received.
  • On the day following period of twelve month when any whole or part of the payment is not received from the date of the invoice for the taxable service provided



Solution:

1. Customs officer has recommended the company should issue the invoice, debit note and credit note for sales and service invoice separately.
2. Indicate the sales and service tax registration no on the invoice letter head separately as well.
3. This is to ease the Customs audit operation purpose.