6. Can I mixed the sales tax and service tax in single invoice?: Difference between revisions
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<big>'''Issue:'''</big> | <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? | ||
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<big>'''Solution:'''</big> | |||
: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. | |||
'''Note:''' | |||
:Sales tax and service tax having different accounting basis as explained below. | |||
:'''a) SALES TAX''' | :'''a) SALES TAX''' | ||
::* Billing / accrual basis | ::* Billing / accrual basis | ||
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::* Service Tax required to be accounted at the time when the payments is received. | ::* 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 | ::* 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 | ||
Revision as of 08:06, 4 September 2019
Issue:
- Can I mixed the sales and service tax code in single document?
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.
Note:
- Sales tax and service tax having different accounting basis as explained below.
- 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