Applicability of GST on Arbitration Award recd from GOI

This query is : Resolved

GOVIND TANWAR (Querist)
Follow

28 January 2020 Hi Everyone,
We are Government Contractor and do work contract for Military Engineer Service (MES). We construct Army Cantonment.
We had received Work Contract from GOI in 2005 for Constructing Army Cantonment in Ahmendnagar. We started work and completed half of the work but the due some circumstance could not complete the work. Then we went to Arbitration court and won the Arbitration award for the same work in February 2017 but recd payment in August 2017 when GST was applicable.
As we were Government Contractor we were exempt from Service tax.
Do we have to pay GST on this Award or we are Exempt from paying the GST as the award was passed before the GST become applicable.

Thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

28 January 2020 GST not payable as award passed before GST applicable.

GOVIND TANWAR

GOVIND TANWAR (Querist)
Follow

29 January 2020 Thanks for your reply.
In that case how do we show the Award Amount in GSTR 9 for F.Y 2017-18.
Should I show this amount in Exempt Income column as GST is not applicable.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

29 January 2020 No need to show such amount in GST return as it relates to before GST period.

GOVIND TANWAR

GOVIND TANWAR (Querist)
Follow

30 January 2020 Sir but our CA says GSTR 9 is a Annual return its figure should match with the figure we have put in the Income tax return profit and loss account
Sir we have taken the Award money has income for the period.
Please suggest what we do ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

30 January 2020 Show it in reconciliation.......

GOVIND TANWAR

GOVIND TANWAR (Querist)
Follow

03 February 2020 Thank you very much sir.
We have filed the return, and shown in the reconciliation.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

03 February 2020 Welcome.................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aniruddha Mody

Rampal Saini

Jitin Aditya Kapur

Amirthalingam

George Innocent

Subscribe Now

Applicability of GST on Arbitration Award recd from GOI

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA