my client is govt contractor and he works in a pwd department. after work completion he received the amount and govt department deduct the 2% tds on it. But when i am filling 3b return which turnover i will assume for example.. gross receipts 500000. and pwd department deduct 2% tds on 500000 i.e. 10000. govt certify the amount of work 500000. my question is, i have to consider the taxable value 500000 or 500000/112*100 in gst return. becuse in govt department we have not raising bill with tax.
You have to raise GST bill even if it is govt department. If you have issued GST bill you can avail TDS. But Govt dept will deduct 2% TDs for payments above 2.5 lakhs
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