LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

pending bill payments

14 June 2017

what will be the tax consequences in case the bill for service provided, issued before 1 july 2017 and the payment will be received after the gst roll out.
If the service tax @ 15% is payable on such bill or the gst @ 18%.?

Reply
Follow
Share

3 Replies

chandarvir (ca student) (18 Points)
Replied 14 June 2017

old rate will applicable as per point of taxation rules

1 Like

chandarvir (ca student) (18 Points)
Replied 14 June 2017

if 2 out of the 3 is happened before July 1.
that is service provided or invoice issued or payment received before July 1 then old rate will applicable.

1 Like

CA Ruchika Chindalia (CA Practice ) (24 Points)
Replied 14 June 2017

what about the transaction for which service ia already provided and invoice is also issued in pre gst period but the payment is received post gst period but the service provider was availing the option of paying tax on receipt bases under service tax laws?
any transitional provisions for those service provider.

1 Like