Whether Payment received amount for work contract is taxable for Gst , if the service and bill is made before gst but payment is made after gst registration?
5 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 16 May 2021
If service tax was levied and paid then gst not chargeable otherwise it is chargeable
Mohit Bhownani
(19 Points)
Replied 16 May 2021
Turnover is only 20 lakhs, then also service tax ? Registration taken now and work done last year
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 May 2021
If services are provided in earlier regime and payment is received in GST regime then you have to consider GST as payment in GST regime
Mohit Bhownani
(19 Points)
Replied 17 May 2021
Service was provided five months before under gst regime , but the client was not registered with gst , and now last month gst registration was granted, and now only the previous work payment received,
Turnover is less than 20 lakhs
Gst will be applicable or not ?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 17 May 2021
Services were rendered before GST registration when the turnover was within the threshold limit, so now no GST in respect of the same. Hereafter (i.e. after GST registration) GST to be levied on all supplies.
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