Dear Expert,
We need help on below mentioned issue under GST at present, the details given below;
The Company is in business of Outdoor Catering Service, we received mobilisation advance from customer in January,2017, the advance amount will be paid after 21st month in 20 equal installments.
We paid service tax on mobilisation advance under Outdoor catering services on 29-06-2017.
But we are not shown any carry forward input in Service tax return and not shown in Trans-01.
Under GST Act ;
1) How can we recover this advance service tax amount
2)How can we show in the GST Returns.
3) How can we raise the invoices to the customer
Outdoor Catering Firm Seeks Guidance on Recovering Service Tax on 2017 Mobilization Advance Under GST Framework A company involved in outdoor catering services seeks guidance on handling service tax paid on a mobilization advance received in January 2017, under the current GST framework. The advance, intended to be repaid in 20 equal installments after 21 months, had service tax paid on it in June 2017. However, the company did not carry forward this input in its service tax return nor in Trans-01. The company is seeking advice on recovering the advance service tax amount, reflecting it in GST returns, and raising invoices. An expert suggests reviewing a decision by the Appellate Authority for Advance Ruling, West Bengal. (AI Summary)
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