CA Sathish Reddy (Articles) (352 Points)
09 August 2017Good Morning
We have Service tax input credit. can we take the same as input to pay GST Tax amount for the month of July??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166227 Points)
Replied 09 August 2017
No
May be allowed only after filling GSTRN 3
Geetha Varadarajan
(Ministry of finance)
(180 Points)
Replied 09 August 2017
first you have to file TRAN1 from before 30th septemeber 2017, after the approval of government for the TRAN 1 form wherein you will declare the input tax credit balance as per your 30.06.2017 return and other relevant details you can utilise the openiong alance to pay tax. as of now the tax for july has to be paid before 20th august as from 3B has to be filed by 20th august. hence you may not be able to use the credit availble as on 30/06/2017 for payment of tax under GST regime for July 2017.
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