Service tax charged on 12 mts contract .amt recd june

This query is : Resolved

Umesh V Naig (Querist)
Follow

28 June 2017 under service tax 12mts contract amount recd in june before GST regime , but services
will be provided every month what will be responsibility under GST , since actual
services done month on
Umesh V Naig

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

28 June 2017 It is taxable on receipt basis hence GST not applicable.

Umesh V Naig

Umesh V Naig (Querist)
Follow

28 June 2017 Tku sir , since services are rendered as per contract from July ie GST regime the worry is bill has to be raised for such service within 30days in that case how is the interpretation of law ,,,
whether the services are committed or services actually rendered for billing purpose and taxation

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

29 June 2017 As payment has been already received and billing completed no further billing required

Umesh V Naig

Umesh V Naig (Querist)
Follow

29 June 2017 tks how ever if there is any additional inflow after 1st July it will be at new rate understood, though services are happening in spread over period from July 2017 onwards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now