Adjustment of advance service tax paid with gst
This query is : Resolved
13 July 2017
Company raised invoice to his party for rs 10 Lakh and paid service tax in advance. Now the company has to reverse his income of 10lakh. whether the reversal amount should include amount of service tax or not. Whether the company can adjust advance service tax with gst in further billings like input tax credit of service tax.
CA Pradeep Sharma
(Expert)
13 July 2017
Excess payment of service tax now claim as refund in previous law, u cannot claim it is as ITC in GST
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