ITC of Service Tax paid under RCM

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..... I am a steel manufacturer. I have received transportation service from GTA in the month of June. As per the erstwhile Excise and Service Tax law, I had deposited applicable service tax liability for the month of June 2017 on 06.07.2017. However I was not eligible to claim cenvat of that service tax amount against my excise liability for the month of June 2017 because of the provisions of Cenvat .....

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..... Credit Rules. Now GST law is applicable w.e.f 01.07.2017. How can I claim cenvat / ITC of the above mentioned service tax paid in July?? Is there any provision in GST law?? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my view you cannot claim. - Reply By Rajagopalan Ranganathan - The Reply = Sir, If the credit is not admissible under Cenvat Credit Rules, 2004 , the same is not adm .....

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..... issible under GST Act also. However please inform under which rule of Cenvat Credit Rules, 2004 the credit is not admissible. - Reply By KASTURI SETHI - The Reply = At present I TC of ST paid for June, 17 in July, 17 is not admissible in GST. However, we can expect clarification from Board. You must bring it to the notice of GST Council. - Reply By Rajagopalan Ranganathan - The Reply = .....

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..... Sir, You can file the ST=2 return for the for the period April 2017 to June 2017 upto August 15, 2017. Even if you have paid service tax for June , 2017 on 6.7.2017 you could have included the payment in the return. Then automatically you will get the credit in your electronic credit ledger. - Reply By Ganeshan Kalyani - The Reply = Such type of transition input tax credit is generally lo .....

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..... st. For e.g. 2% education cess and 1% s.h.edu.cess. - ITC of Service Tax paid under RCM - Query Started By: - Ashwarya Agarwal Dated:- 9-9-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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