When a service provider depositing Service tax on receipt basis, as the turnover is less than ₹ 50 lacs. How the service tax with reference to payments that would be received after 1st July, 17 will be deposited under GST.
Transition
Kavita Sharma
Service Provider Queries Post-July 2017 GST Service Tax Payments; Point of Taxation is Key Factor A service provider with a turnover of less than 50 lakhs, who deposits service tax on a receipt basis, inquired about how to handle service tax payments for receipts after July 1, 2017, under GST. The response indicated that the point of taxation would be the determining factor in this scenario. (AI Summary)