  We present \nustar{} observation of the atoll type neutron star (NS) low-mass
X-ray binary (LMXB) Serpens~X-1 (Ser~X-1) performed on 17 February 2018. We
observed Ser~X-1 in a soft X-ray spectral state with 3-79 keV luminosity of
$L_\text{X}\sim0.4\times 10^{38}$ erg s$^{-1}$ ($\sim 23\%$ of the Eddington
luminosity), assuming a distance of 7.7 kpc. A positive correlation between
intensity and hardness ratio suggests that the source was in the banana branch
during this observation. The broadband 3-30 keV NuSTAR energy spectrum can be
well described either by a three-component continuum model consisting of a disk
blackbody, a single temperature blackbody and a power-law or by a two-component
continuum model consisting of a disk blackbody and a Comptonization component.
A broad iron line $\sim 5-8$ keV and the Compton back-scattering hump peaking
at $\sim$10-20 keV band are clearly detected in the X-ray spectrum. These
features are best interpreted by a self-consistent relativistic reflection
model. Fits with relativistically blurred disc reflection model suggests that
the inner disc radius $R_{in}$ is truncated prior to the ISCO at
$(1.9-2.5)\;R_{ISCO}$ ($\simeq11.4-15\,R_{g}\: \text{or}\: 26-34$ km) and the
accretion disc is viewed at an low inclination of $i\simeq16^\circ-20^\circ$.
The disc is likely to be truncated either by a boundary layer or by the
magnetosphere. Based on the measured flux and the mass accretion rate, the
maximum radial extension for the boundary layer is estimated to be
$\sim6.4\:R_{g}$ from the NS surface. The truncated inner disc in association
with pressure from a magnetic field sets an upper limit of
$B\leq1.9\times10^{9}$ G.
