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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:- 11-4-2018 - 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. .....

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2017 itself. However, in cases where Service Tax was payable on cash basis, it was payable on collection of Service tax by the provider of service in the following month/quarter. There are, therefore, bound to be a large number of transactions where .....

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turn 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, .....

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collected after 30th June, 2017. Will the e-payment window be available in ACES for a considerable time to deposit all such payments of Service Tax to the credit of Central Government, as and when received. How will the Service Tax dues be captured i .....

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uch 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 .....

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be loss of tax revenue as well as non-compliances on the part of assessee. Unfortunately, while the transition provisions in GST law talk of migration, input tax credit, refunds, recovery etc, there is no specific transition provisions for payment of .....

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me and the same is received and accounted in post GST regime, how the tax liability be discharged? There was a Service Tax Levy on the date of receipt of service on RCM basis. But the Point of Taxation will be in GST regime. Transitional provisions a .....

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covered under RCM then service tax should be tax. The service tax so paid should be disclosed in ST-3 to be filed on or before 15th August 2017. If the credit for the tax paid under RCM is eligible then the same should be disclosed in GSTR TRAN 1 fo .....

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