Applicability in view of gst

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Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2017 During Dec 2016 i achieved turnover of taxable service to the extent of 9 lakhs. I registered for service tax. In end Jan 2017 my gross receipts were over 10 lakhs and so I started charging and paying service tax.
Next year if GST is introduced, limit for small service providers will be 20 lakhs and I am not likely to achieve that in 2017-18. My question is -- Am I required to continue charging service tax in April 2017 onwards till GST is implemented, i.e likely July 2017, or will I be exempt till I achieve gross receipts of 20 lakhs? Should I migrate to GST or ignore till I achieve 20 lakhs turnover, when I can take fresh registration under GST?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 March 2017 Continue charging service tax till GST is implemented. Take fresh registration under GST once you cross turnover of 20 lacs.

Querist : Anonymous

Querist : Anonymous (Querist)

13 April 2017 Thank you for your advice. Does it mean I do not have to migrate to GST?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 April 2017 Yes go for fresh registration in GST when turnover cross 20 Lacs.

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