Hi all.
one my client is registered as work contractor under gst, he has done work contract to govt (PWD).Now he received his payment as follow.
date:5/01/2018
bill amount: 14,10,243.00
L.W.TAX: 14,102.00
TOTAL : 13,96,141.00
DEPARTMENT DEDUCTIONS:
Income tax: 31,871.00
Royality : 793.00
CBF: 1410.00
TOTAL DEDUCTION: 34,074.00
CHEQUE AMOUNT: 13,62,067.00
So my request to guide me how to file GSTR1 AND GSTR3B, how show above values in return,And is eligible to get ITC, Pls pls help
Dear sir,
Please see one more time tender agreement file and see any GST is mentioned in this tender.
Note - IN GST - If Government Supply/Service is 12% GST-outward, In non-government supply/service is 18% GST-outward is applicable, if any GST is not mentioned in Tender/bid agreement. If Government supply/service is mentioned 18%GST, so that, you can charge as per agreement. and also note that in present time GST 12% ITC avail on word contract.
Your GSTR-1 FIGURE - is depend on work completion certificate by the J.E. of the department of PWD.
If payment is in partial, in your bank statement. Please divide it as per your taxable.
Thanks & regards,
R.K.Srivastava
8726030577
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