If someone quoted govt work contract tender before the implementation of gst and his payment is reflecting in bank account after gst implementation (after 2-3 months ) Does he have to pay gst on work contract ?? Eg. If contract of Road of amount 23 lacs quoted on 28 june and payment will received after 2-3 months later from quoted date.How much gst will have to pay ?
If a contractor submitt bill May-2017 does not pay his bill in the office before the June for any reason, and makes payment in July, then what would be the deduction of GST or VAT?