Credit of service tax through TRAN-1

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Credit of service tax through TRAN-1
Query (Issue) Started By: - Madhavan iyengar Dated:- 5-6-2019 Last Reply Date:- 7-6-2019 Goods and Services Tax - GST
Got 1 Reply
GST
A Company has re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ceived service tax invoices dated June 17 and the same have been accounted in books of account in July 17 and the credit of the service tax has been availed through TRAN-1 7(1)(b) column. these servic .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e tax credit has not been routed thru TRAN-1 i Now department is disputing the above credit Company has paid RCM liability of service tax in July 17 of services received in April 17 and June 17 and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the credit of RCM has been taken through column 7(1)(b) of TRAN-1 and same is not reflected in the service tax return kindly advise whether this is correct Reply By KASTURI SETHI: The Reply: The de .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... partment's objection is correct.The amount of Service Tax paid in July, 17 cannot be availed through TRANS-1 as this very amount was not the part of closing balance of ST-3 return filed as on 30.6 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .17. The company should have applied for refund instead of claiming the credit through TRANS-1.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X