Since no payment was received for a bill raised (on which Service Tax was paid), it was booked as bad debts and Service Tax thereon was reversed.
The same bad debts are recovered in FY 2019-20. Will there be a levy of GST on such bad debt recovery? If so, then what steps need to be followed?
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Bad Debts Recovered in FY 2019-20 against the Bad Debts booked in Service Tax Regime
Replies (1)
I think it may be covered under Section 142(2).
Services provided in Services tax regime & bill was raised , but same was reversed (No service tax paid) , hence now GST shall levy on same .
Services being provided before appointed day but no service tax was charged therin (As reversed) & now the payment for the same being reced. Must be taxable in GST
Services provided in Services tax regime & bill was raised , but same was reversed (No service tax paid) , hence now GST shall levy on same .
Services being provided before appointed day but no service tax was charged therin (As reversed) & now the payment for the same being reced. Must be taxable in GST
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