Applicability of gst
This query is : Resolved
08 August 2017
we have payment terms in the work order as below
• 85% of basic price on progressive erection
5% of basic price on completion trail operation
• 10% of basic price on successful completion of Performance Guarantee Test
on raising invoice for progressive erection whether we need we need to pay GST on 100% or 85% . please mention the specific clause
• 85% of basic price on progressive erection
5% of basic price on completion trail operation
• 10% of basic price on successful completion of Performance Guarantee Test
on raising invoice for progressive erection whether we need we need to pay GST on 100% or 85% . please mention the specific clause
CA R SEETHARAMAN
(Expert)
08 August 2017
When the payment is linked to the completion of an event
The invoice shall be issued before or after the time of completion of that event but within specified time.of 30 days.
Pay GST on 85%.
The invoice shall be issued before or after the time of completion of that event but within specified time.of 30 days.
Pay GST on 85%.
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