Import of services tax liability continues after the appointed day, subject to credit for tax already paid under existing law. Import of services made on or after the appointed day is taxable under the Integrated Goods And Services Tax Act, 2017 even where the underlying transaction was initiated before that day. If tax was paid in full under the existing law, no further tax is payable; if tax was paid only in part, only the balance becomes payable. A transaction is deemed initiated before the appointed day if the invoice or any part of the payment was received or made before that day.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Import of services tax liability continues after the appointed day, subject to credit for tax already paid under existing law.
Import of services made on or after the appointed day is taxable under the Integrated Goods And Services Tax Act, 2017 even where the underlying transaction was initiated before that day. If tax was paid in full under the existing law, no further tax is payable; if tax was paid only in part, only the balance becomes payable. A transaction is deemed initiated before the appointed day if the invoice or any part of the payment was received or made before that day.
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