credit for Transitional provision

[RAMNIRANJAN KANDOI]

    Dear sir,

    1. Please confirm whether one can take credit of Service Tax paid under RCM for payment made after 01st July 2017.

    as I hv not seen anywhere nor in TRAN-01

    2. Also reg. Material duty(Local or Imported ) paid before 30.06.2017 & same is recd. on or after 01.07.2017 as TRAN 01 also does not contain details anywhere.

    Query. How to take credit.

AI Summary

Eligibility to Claim Credit for Service Tax and Material Duty in GST Transition Explained: Key Details on RCM and Returns. A user inquired about the eligibility to claim credit for Service Tax paid under the Reverse Charge Mechanism (RCM) for payments made after July 1, 2017, and for material duty paid before June 30, 2017, but received after July 1, 2017, in the context of the Goods and Services Tax (GST) transition. The response clarified that credit can be taken for services provided before the GST implementation, regardless of payment timing, and similarly for material duty, provided these are reflected in the return.