Considering the above, businesses need to make appropriate changes in their accounting systems to incorporate the levy of SBC. SBC needs to be recorded in a separate account for output services provided and for input services received as no CENVAT credit of SBC can be availed. Also, as tabulated above, businesses need to evaluate the circumstances wherein SBC needs to be levied.
Non-availability of CENVAT credit of SBC would break the supply chain and would be against the basic intention of introducing GST which would allow seamless flow of credit. Also, non-availability of credit would increase the overall cost for businesses.