gst paid in receipt basis or what

585 views 3 replies

vikram kerekar

1244 Points Joined June 2017

i am a ca and existing service tax regime i have paid service tax on receipt basis and filed a service tax return. but in GST regime how can tax paid receipt basis or render of service and issues bill what type? plz cleryfy urgent...

Replies (3)

Guest

Based on time of supply. It is neither receipt nor accrual basis.

Vishal

cwa

149 Points Joined January 2015

yes GST paying on the basis of time of supply and one concept of payment should be made within six month otherwise we have to reverse credit we have taken at time