Transitional provisions, Goods and Services Tax - GST

[Narhar Nimkar]

Presently, service providers having turnover below ₹ 50 lacs, are allowed to pay service tax on Receipt basis. This provision is not existing in the proposed GST Act.

However, what would be the position for invoices raised as per present provisions and for which the payments are received after implementation of GST. Whether service tax should be paid or GST ?? If service tax is to be paid, how to disclose the same in return ??

Posts / Replies

[Ravi Kumar]

This will be treated as ; under normal proviso,