Transitional provisions

13 May 2017

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Asked by

Narhar Nimkar

Receipt-based taxation: Unclear whether pre-GST invoices paid after transition attract service tax or GST and how to disclose in returns.
Whether payments received after GST implementation for invoices raised under the existing service tax regime are taxable under service tax or GST is uncertain because the present receipt-based taxation concession for certain service providers is not reflected in the proposed GST framework; the sole recorded reply is incomplete and non-conclusive, leaving the transitional taxability and return disclosure method unresolved. (AI Summary)

Presently, service providers having turnover below ₹ 50 lacs, are allowed to pay service tax on Receipt basis. This provision is not existing in the proposed GST Act.

However, what would be the position for invoices raised as per present provisions and for which the payments are received after implementation of GST. Whether service tax should be paid or GST ?? If service tax is to be paid, how to disclose the same in return ??

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