Invoice raised on 30.06.2017 but payment received in GST period, will GST is applicable

[Ravish MV]

Doing Government contracts, which were exempted (sewage and canal projects) under service tax regime. Raised Bill on 30.06.2017. But payments were received till March 2018. Will the payments/receipts attracts GST.

AI Summary

GST Not Applicable on Payments for Pre-GST Invoices Under Old Tax Laws for Government Contracts A query was raised regarding whether GST applies to payments received during the GST period for invoices issued before its implementation, specifically for government contracts exempt under the previous service tax regime. Several responses clarified that since the service was provided and invoiced before the GST period, the old tax laws apply, and GST is not applicable. The consensus was that service tax should be paid as per the earlier laws, and GST should not be levied on services already taxed under the previous regime, even if payments were received later.