Question75: Recently during EA2000
Audit, A demand of service tax on import services under reverse charge mechanism
was raised by the auditors on which cenvat credit is admissible, which we are
ready to pay alongwith the interest. Here the question is how we would be able
to get credit in GST regime, if the dues are paid under service tax & that the
transition due dates are over, Is there any provision that dues under old law
can be paid under the new law.
Kindly provide the solution with all alternate.
Answer As per section 142(7)( a) any liability relating to earlier regime
is to be paid in cash and refund relating to that period will be given in cash.
Further ITC of this is not available in GST . So if the amount is small deposit
and the case is not in your favour then deposit it but if your case is strong
then go for litigation. (Reply dt. 22/3/2018)