Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
CGST - Acts + GST Rates GST Ntf. GST Forms GST - Manual GST - FAQ State GST Acts SGST Ntf. I. Tax Manual
Extracts
Home List
← Previous Next →

GST: NO TRANSITION PROVISION FOR PAYMENT OF SERVICE TAX

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 1-8-2017 Last Replied Date:- 2-8-2017 - Service Tax was payable on receipt on accrual basis on a monthly or quarterly basis, as applicable. Since India has migrated to GST w.e.f. 1.7.2017, there is no charge and levy of Service Tax w.e.f. 1.7.2017. However, Service Tax charged till 30.06.2017 has to be deposited with the Central Government. If it was payable on accrual basis, there is no issue as it would have been paid in July, 2 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

urn of Service Tax for the period April - June 2017 and as such, there will be no return of Service Tax after 15 August, 2017. Another related issue is that in case of small service providers and service providers who were sole proprietors or firms, there was a provision for paying Service Tax on a quarterly basis in place of monthly basis. Based on these two scenarios, the provisions of GST law does not address the following issues: How the payment of Service Tax would be made for the amounts c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ch tax revenue to be collected. How will the tax payer deposit the collections- on monthly basis or quarterly basis? For example, July collections should be deposited in August 2017 or July - September 2017 collections should be deposited in October, 2017. It is submitted that the return to be submitted now before 15th August, 2017 can not (and should not) be the last return. It is desirable that the Central Government should immediately act upon addressing these issues failing which there may b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version