In the service Tax regime, some specified persons can pay service tax on receipt basis up to 50 Lakhs in a financial year.
What will be the position of tax liability on realisation of receivables after 1st July, 2017
what are the procedures to be complied.
Thanks in advance.
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How is Service Tax Payable on Receipt Basis is dealt under GST?
Replies (2)
same doubt bro, if u come to know about this please inform me also.
Taxability of supply of service during transitional period will be decided on the basis of point of taxation.
If POT is before gst - Service Tax
If POT is after gst - GST
If POT is before gst - Service Tax
If POT is after gst - GST
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