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Regardintg gst on contract work from department turnover below rs.600000/-


Libissa (Accountant)     15 April 2019

Libissa
Accountant 
 8 likes  258 points

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my friend is doing Government Contract Work and registered in GST on March 2019  he received a cheque of Rs. 3,52,600/- in which 2% GST deducted From Department and 10% GST given by cheque. Total turnover for 01.04.2018 to 31.03.2019 will be only Rs. 568900/- i want to know whether i want to pay the GST for the received amount in march GSTR 3B but others are telling that the turnover is below Rs.20,00,000/- for the whole year then why are your paying GST  Government was telling that below Rs.2000000/- no gst kindly clear my doubt sir do the needfull

That i want to pay GST for the Cheque Received from Department Rs.352600/- or like other told below Turnover Rs.2000000/-i want to accept the 2% GST and have in cash ledger  Show the turnover as Exempted and apply for refund in cash ledger of GST.

avater

THARUNKUMAR.R (Article Assistant)     15 April 2019

THARUNKUMAR.R
Article Assistant 
 8 likes  157 points

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Once registered in GST, Assessee should comply with Monthly Tax returns with the actual invoices raised. You have to pay balance amount of GST while filing GSTR 3B & you should also file GSTR 1.

shailendra shukla (Bhopal)     15 April 2019

shailendra shukla
Bhopal 
 108 likes  1720 points

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agree with above reply......

avater

pritesh (CA Final student)     16 April 2019

pritesh
CA Final student 
 390 likes  7055 points

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Agree with above answers..

once you registered you need to comply with all provision


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