Payment of gst
This query is : Resolved
03 August 2018
For civil contractors
Actually they are getting billed after 2 months
but gst amount for those bills is high for that they not filling return
For Ex; The invoice amount rs.10,00,000.00
gst Rs.1800000
raised on 01/6/2018
but they get amount date-20/09/2018
for these the investment they can't maintain
is there any provision to payment on actual basis
or can we go for advance ruling payment on qtrly basis?
Actually they are getting billed after 2 months
but gst amount for those bills is high for that they not filling return
For Ex; The invoice amount rs.10,00,000.00
gst Rs.1800000
raised on 01/6/2018
but they get amount date-20/09/2018
for these the investment they can't maintain
is there any provision to payment on actual basis
or can we go for advance ruling payment on qtrly basis?
03 August 2018
GST is leviable on accrual basis i.e. on the date on which invoice is raised. No Advance ruling possible againdt the law.
05 August 2018
what about itc of works contract in gst
can uexplain clearly
can uexplain clearly
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