Govt issues clarification to address service tax issues, misses key concerns

Much focus under GST has been given the goods, but the government has realised that the transition provisions are inadequate, especially for the service tax cases. One such problem is how to report the service tax and take credit of the same that was payable during the pre-GST period, but paid during the GST regime. For the services under reverse charge made during June, the payment of service tax…