After June end, we paid our service tax by 5th July, but our bills reached the company after 5th.
Due to transition to GST, the company could not take credit of the service tax paid by us, as they too had to pay their tax by 5th July.
Therefore they have withheld our service tax amount .
Is there any mechanism, by which the service tax paid for the period April - June after 5th July can be claimed as input credit in GST.
Please give advice .
3 Replies
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 07 October 2017
I think in tran 1 part 7b column you can claim ITC but not sure
Muralidharan Rajalingam
(209 Points)
Replied 08 October 2017
Unutilised balance if any shown in ST3 can be carried forward in GST any filing TRAN form. In your case ask ur customer to file a Revised Service tax Return and add your invoice/ input credit.
Muralidharan Rajalingam
(209 Points)
Replied 08 October 2017
Otherwise you file a Revised Return. Show sales Return and exclude this invoice. Then you will have credit balance in ST3. This can be availed by you using TRAN
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