GST Input Credit
This query is : Resolved
Quick Summary
03 August 2020
Sir
If "A" is a main contractor and "B" is a sub-contractor and "B" had purchased Cement in the name of "A" as the cement rate will be low if "B" purchases cement in the name of "A" as the work is government work i.e laying of CC Roads to Rural Villages".
Since "B" purchased cement in the name of ''A" GST input reflected on "A" GSTIN. Now how to transfer the GST amount to the subcontractor. Please clarify.
Note:- Payment made towards Purchase of Cement to Cement company directly by "B"
If "A" is a main contractor and "B" is a sub-contractor and "B" had purchased Cement in the name of "A" as the cement rate will be low if "B" purchases cement in the name of "A" as the work is government work i.e laying of CC Roads to Rural Villages".
Since "B" purchased cement in the name of ''A" GST input reflected on "A" GSTIN. Now how to transfer the GST amount to the subcontractor. Please clarify.
Note:- Payment made towards Purchase of Cement to Cement company directly by "B"
CA R SEETHARAMAN
(Expert)
03 August 2020
A to avail ITC and make payment to B along with sub contract payment.
Lekhraj sood
(Expert)
03 August 2020
What do you mean by "in the name of A". Who is "bill to" and "ship to" in the invoice of the supplier of B?
Please elaborate.
Please elaborate.
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