I did government work done of ₹978,000 + GST 117,360
For this bill work, I purchased goods
Cement ₹234,620 + GST 65,694
Iron & Others ₹434,280 + GST 78,170
Total input ₹143,864
Total Output ₹117,360
Due to heavy rain I lost ₹2lakhs cement and some others material what I have input taken...
what is the actual payment I have to be paid to this Contract amount
in (%)???
Menu
government contract work
Replies (5)
You have to pay the gst on work contract amount.
how much I have to pay
As your input tax is excess by 26504, no need to pay gst in the current month returns.
The excess ITC is carried forward to next month.
The excess ITC is carried forward to next month.
what about lost of 2lakhs value cement itc?
Nothing can be done. It is treated as loss only.
Recent Topics :
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
Related Topics :
CAclubindia
