i have made govt work contract of rs 594000 and now i have received payment after deduction from 594000 ie. 2%tcs, 2% tds, 1% labour fund and 0.5% cess
now my doubt is i have to pay 12% gst on 594000 i.e aprox 72000
or on the amount of
594000 - ( 12% of 594000) i.e. aprox 62000
please clear
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tax liability
Replies (12)
are you giving tax bill to government
second one
govt engineering came. He made quality check and approved my bill.I have not given any invoice to them
engineer**
ok @ pravin sir
did you give any quotation for your job work
actually that contract was of 6 lacs but I have quoted 1 % below and value comes to 59400 that's it. this is percentage type contract.and was online process i have done. specially i have not given anything to dept
Then you have to make a bill of 594000 inclusive of GST
then which one i have to pay 72000 or 62000
which one is correct from above cases.? gst rate is 12% on govt work contract
62000
ok sir .. thank you @ g mahesh mundra sir and @ pravin sir
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