Transitional provisions
Query (Issue) Started By: – Narhar Nimkar Dated:- 13-5-2017 Last Reply Date:- 14-5-2017 Goods and Services Tax – GST
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GST
Presently, service providers having turnover below ₹ 50 lacs, are allowed to pay service tax on Receipt basis. This provision is not existing in the proposed GST Act.
However, what would be the position for invoices raised as per present provisions and for which the payments are received after implementation of GST. Wheth
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