we are into civil construction business.only catering government departments. as per gst our rate is 18%. but our tender schedule has been made including vat rate and we will be getting payment on that rate itself. then how can we adjust for 18 % gst.
Check whether the tender terms can be modified based on the historic change of GST in India.
Generally, such clauses are incorporated in contract agreement.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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