HOW TO AVAIL ITC OF SERVICE TAX PAID UNDER RCM FOR THE MONTH OF JUNE'2017 ON 6TH OF JULY'2017

[SUNIL KRISHNANI]

I have paid service tax on Import of service for the month of Jun 17 on 6th of July, so I have not taken credit in service tax return and in GST TRANS 1 I don't see any column for transitional credit for ST paid in reverse charge, can anyone help me on this ?

[SHIVKUMAR SHARMA]

You can file the Revise service tax return .

[SUNIL KRISHNANI]

Fine Sir, thanks for your guidance

AI Summary

Input tax credit for reverse charge service tax can be claimed by filing a revised service tax return to record the payment. The operative guidance is that a taxpayer who paid service tax on imported services under the reverse charge mechanism after the tax period should file a revised service tax return for the relevant period to reflect the service tax paid and thereby establish entitlement to claim input tax credit as transitional credit under GST when TRAN-1 lacks a specific column for reverse charge service tax.