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tax liability

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168 Points Posted on 18 October 2017
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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On 18 October 2017 at 21:35 Report
Replies (12)
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Business and tax consultant
3299 Points Posted on 18 October 2017
are you giving tax bill to government
3 Reply
On 18 October 2017 at 21:55
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service man
254 Points Posted on 18 October 2017
second one
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On 18 October 2017 at 21:56
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168 Points Posted on 18 October 2017
govt engineering came. He made quality check and approved my bill.I have not given any invoice to them
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On 18 October 2017 at 21:58
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168 Points Posted on 18 October 2017
engineer**
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On 18 October 2017 at 22:01
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168 Points Posted on 18 October 2017
ok @ pravin sir
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On 18 October 2017 at 22:01
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Business and tax consultant
3299 Points Posted on 18 October 2017
did you give any quotation for your job work
3 Reply
On 18 October 2017 at 22:02
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168 Points Posted on 18 October 2017
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
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On 18 October 2017 at 22:07
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Business and tax consultant
3299 Points Posted on 18 October 2017
Then you have to make a bill of 594000 inclusive of GST
3 Reply
On 18 October 2017 at 22:12
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168 Points Posted on 18 October 2017
then which one i have to pay 72000 or 62000
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On 18 October 2017 at 22:16
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168 Points Posted on 18 October 2017
which one is correct from above cases.? gst rate is 12% on govt work contract
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On 18 October 2017 at 22:18
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Business and tax consultant
3299 Points Posted on 18 October 2017
62000
3 Reply
On 18 October 2017 at 22:20
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168 Points Posted on 18 October 2017
ok sir .. thank you @ g mahesh mundra sir and @ pravin sir
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On 18 October 2017 at 22:22


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