Dear expert
While reconciling (2016-17 upto June 17) our books with Service tax returns, we found that in some cases we have not paid Service tax on import of services. my queries are:
1. Whether service tax payable under service tax head or we can pay GST
2. Whether ITC available to us
Need urgent advice
Business Advised to Pay Unpaid 2016-17 Service Tax in Cash; No Input Tax Credit Allowed Under CGST Act A business discovered unpaid service tax on imported services for 2016-17 and sought advice on payment and input tax credit (ITC) eligibility. Experts advised that the unpaid service tax must be settled in cash, with no ITC or CENVAT credit available. Under the CGST Act, unpaid service tax is recoverable as an arrear, also without ITC eligibility. Suggestions included consulting experts for possible solutions, especially given the significant amount involved, and considering litigation as a potential route. The business expressed gratitude for the guidance and planned to consult further with their advisor. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
