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 Threads
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
Related Threads
CAclubindia
