Goods and Services Tax – Started By: – Yatin Bhopi – Dated:- 26-5-2018 Last Replied Date:- 28-5-2018 – Dear expertWhile reconciling (2016-17 upto June 17) our books with Service tax returns, we found that in some cases we have not paid Service tax on import of services. my queries are:1. Whether service tax payable under service tax head or we can pay GST2. Whether ITC available to usNeed urgent advice – Reply By YAGAY and SUN – The Reply = You need to pay pending service tax in cash but no ITC/CENVAT credit would be available to you. – Reply By KASTURI SETHI – The Reply = Deposit of ST online is also available. No ITC available as opined by M/s.YAGAY and SUN, Sirs. – Reply By Rajagopalan Ranganathan – The Reply = Sir, As per Section 142 (
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GST head OTHERS .Thanks – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = You have to pay the service tax along with interest at the applicable rate and you cannot avail CENVAT credit. – Reply By Yatin Bhopi – The Reply = Thanks a lot for clarifications.Unfortunately no ITC is available under GST even though payment was under RCM, this is going to be cost to us.Is there any way (Since amount involved is huge). If there is no GST, ITC was available – Reply By KASTURI SETHI – The Reply = If the amount is huge, throw the ball in the court. 'Time factor' may help you. Do not surrender without fighting. Expert Advocate/Consultant/CA can resolve your problem on the ground of time factor . – Reply By Alkesh Jani – The Reply = Sir, In ter
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