Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Amount Received without generate invoice

369 views

Save Share

Mangal Singh Khinchi

Kota

259 Points Posted on 17 August 2022

We do construction work we
have received a road construction contract from but yesterday we have received some amount from PWD, Rajasthan but we have neither generate any invoice and nor report this amount in gst return please guide us what should be done with this amount

Replies (5)

Quick Summary

If you've received payment for construction work from PWD Rajasthan without issuing an invoice or reporting it in your GST return, you need to take action. While some government works may not require a formal invoice, you must still account for the received amount. It's crucial to clarify with PWD if the payment is for work done, as you'll likely need to pay GST at the standard rate of 18% and report it correctly in your GST returns.

koti chunduri

47 Points Posted on 17 August 2022

The department disburses the consideration on the basis m b book. you need not issue invoice in government works. simply show the amount received in 3b return in output column and pay the tax after due acceptance of tds amount by setting off such tds amount.

Mangal Singh Khinchi

Kota

259 Points Posted on 17 August 2022

Should we pay GST on amount received from PWD & what will be the rate of GST

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 17 August 2022

Firstly asked the PWD, reason for receipt of amount. May be it's your security deposit or some other o/s amount. If such amount is consideration for work then pay GST @ 18%