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Before gst from Government Contract's payments are being deducted 6% vat by concerned department.What are latest changing in government's payments. Department Will deduct gst or contractors Will have to deposit gst.
Replies (6)
Though TDS deduction under GST is deferred for time being........
But once notified the deduction of TDS will be just 2%, when the total value of supply under a contract exceed Rs 2.5 lakhs.......
if any government department deduct 2% TDS THEN CONTRACTORS SHOULD DEPOSIT ANY GST OR NOT
Government agreements before 1ist July and payments are not made by the department before 1ist July.What Will the impact of Gst on those payments
In Case we have both material & labour in same invoice at what rate will be gst deducted by department & will there be input tax credit available..
Can anyone pls suggest??
Sir what if some government Department will deduct the tds of GST and some department doesnt and turnover increases the 1 crore, will the assessee fall in composition scheme..?
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