20 May 2019
I have query regarding GST. I am receiving amount from govt for the work done regarding construction. Total GST that to be received from govt is 12 percent but govt going to pay only 5percent and remaining amount to be availed from input tax or even the liability is more payment to be done through bank. Regarding this case I have clarity regarding what is need to credited but my doubt is what is to be debited. We can't debit the govt bcoz nothing is going to be received from govt. then what is to be debited. Please help me regarding this. Thanks in Advance😀
CAclubindia
