banner_ad

Gst on contractor 25L

Others 339 views 7 replies
User Avatar

514 Points Posted on 22 December 2021
i am a builder. i hv received contract receipt 25L till 0ct 2021.I hv taken gst reg. on nov 2021.in nov extra 20L received as contract receiept.
in nov month gst return what is the amount i should show as contract revenew??
pls reply
thanks in advance
1 Reply Share Follow
On 22 December 2021 at 06:00 Report
Replies (7)
User Avatar

Manager-Audit
80 Points Posted on 22 December 2021
45L, from 01 April 2021 to Nov 21, need to show full contract receipt, and same as should be Pay for GST
1 Reply
On 22 December 2021 at 07:47
User Avatar

514 Points Posted on 22 December 2021
But someone said that the amount in excess of 20L(limit of gst reg)only need to show??pls reply
Reply
On 22 December 2021 at 08:36
User Avatar

online

GST Practitioner & Accounts
15093 Points Posted on 22 December 2021
You liable for registration when you received first 25 Lac in OCTOBER 21 .
1 Reply
On 22 December 2021 at 10:38
User Avatar

514 Points Posted on 22 December 2021
So the amount recrived after oct only need to show ??pls reply
Reply
On 22 December 2021 at 10:43
User Avatar

online

GST Practitioner & Accounts
15093 Points Posted on 22 December 2021
It's better to consider 25 Lac also , In fact it is required .
Reply
On 22 December 2021 at 10:46
User Avatar

Manager-Audit
80 Points Posted on 22 December 2021
No limit for GST. once you registered, you have to pay GST, whatever amount received by business income. need not to apply for GST registration, below 20L receipts in one financial year. that's all.
Reply
On 22 December 2021 at 10:56
User Avatar

Profession Business
28207 Points Posted on 23 December 2021
As per accounting standard you cannot declare income all at one go. Proportionate method you can declare your income.
Reply
On 23 December 2021 at 07:30


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details