Tax not paid in Service tax_where to pay and whether ITC available
Query (Issue) Started By: – Yatin Bhopi Dated:- 26-5-2018 Last Reply Date:- 28-5-2018 Goods and Services Tax – GST
Got 10 Replies
GST
Dear expert
While 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 GST
2. Whether ITC available to us
Need 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 availab
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a credit under CGST Act.
Reply By Alkesh Jani:
The Reply:
Sir, I agree with Sh. Rajagopalan sir It shall be paid under 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. Exp
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