What are the records to be maintained and other statutory formalities?
The department has not prescribed any separate record or accounts for service tax. All records or accounts already maintained will be sufficient, but they should contain account of all taxable services, bills/invoices issued, amount realized. Every service provider has to furnish a list of all the records, registers and accounts maintained by him to the department when he files the first return. Any changes or additions need to be informed to the department. Further every assessee shall furnish all the documents called for if required for scrutiny.
