BALANCE CREDIT ON SERVICE TAX, Goods and Services Tax - GST

[SURYAKANT MITHBAVKAR]

While Implemetation of GST, availing balance credit on service tax we have to disclose in last return to carried forwards in GSTN Server.

As per Service tax Act, Credit is eligible after making payment to service provider.

can we issue only cheque in name of service provider (Not present in their Bank which will done in next month i.e. July-17) and avail service tax credit .

Posts / Replies

[A K Reddy and CO]

Yes, You can do so since as per S.140(9) if the person eligible for input credit under payment basis can be able to take credit in electronic credit ledger under GST if the payment is made with in 3 months from the appointed date.