How to prepare a bill for services
You have been asked how to prepare a bill for services. What type of information should be comprised in the bill?
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Details of Service Provider like organisations name and its address.
Details of Service Receiver like Organisations name and its address.
Details of the service (like) for example: Advertisement / Dying charges
Taxes such as Service Tax applied on chargeable amount and cess or sure-charge on service tax.
Also if there is any Expenses made or abatements incurred by the service receiver less all those things and calculate service Tax and the cess for the balance amount.
Which kind of assets should be capitalized and when expense out?
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