Sir,
I want to elaborate my previous query, the payments are outstanding as on 30.06.17. Service tax was already charged in the bills and not on accrual basis. Since turnover was less than ₹ 50 lacs, the service tax was being deposited on receipt of payments against the bills. Now, when the service provider will receive the payments against the outstanding bills (as on 30.06.17) after 01.07.17, then how the service tax would be deposited under GST?
Handling Outstanding Service Tax Payments for Services Provided Before GST Implementation: Deposit Under Service Tax, Not GST A user inquired about how to handle outstanding service tax payments under the new GST regime, given that their turnover was below 50 lakhs and service tax was charged on receipt of payments. The query concerned payments for services provided before June 30, 2017, which were to be received after July 1, 2017. The response clarified that since the services were provided and invoiced before the GST implementation date, the service tax should be deposited under the relevant service tax and cess codes, maintaining the nomenclature as Service Tax, not GST. (AI Summary)
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