In the calculations of GST on Contractor Receipts which amounts on we want calculation GST (PWD Contractor)
Eg, Contractors amount is Rs 500000 total, after deducted of royalty, TDS, Cess, and other he will get to bank A/c Rs 450000.
Which is the Assessable value here
Give calculation example
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GST on Contractor payments
Replies (8)
Kindly go through the contract terms or agreement to take the same, please mention the values separately.
As per my suggestion GST applicable on 5L.
Please come up with figures.
As per my suggestion GST applicable on 5L.
Please come up with figures.
Yes GST will be applicable on 5lac but its inclusive or exlusive have to refer contract /tender letter.
Yes same problem here
As per agreement contract value is Rs 500000 inclusive of GST, and all deduction he will get 450000 now how to calculate GST
446428.56 Assessable Value + Tax 12%-53571.44=5 lakh
Now please say about :TDS amount and other like Cess & Royalty
Now please say about :TDS amount and other like Cess & Royalty
Gross. 500000
(-) TDS 5000
(-) royalty 10000
(-) cess. 5000
(-) sd. 30000
Remaining rs 450000*credited to bank
(-) TDS 5000
(-) royalty 10000
(-) cess. 5000
(-) sd. 30000
Remaining rs 450000*credited to bank
Sorry then confusion :
As TDS deducted on 5,00,000 instead of 4.46 lakh.
So from that 5,00,000 is table value, if Rs. 5,00,000 table value than excluding GST agreement, once ask in block or Pwd,
As TDS deducted on 5,00,000 instead of 4.46 lakh.
So from that 5,00,000 is table value, if Rs. 5,00,000 table value than excluding GST agreement, once ask in block or Pwd,
Haa sir you are right, but some time they are calculate TDS on Invoices Value and some times Calculated on Taxable value,
Already i asked them, they said that no worries about TDS that will credited in your pan,
Finally, i understand about GST Calculation on Contractor payments
Soo lat of thank you for ur suggestion.
Already i asked them, they said that no worries about TDS that will credited in your pan,
Finally, i understand about GST Calculation on Contractor payments
Soo lat of thank you for ur suggestion.
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