Who shall bear the increased amount of tax?

whether GST is applicable on the contract executed under earlier regima or vat is applicable ? In the event gst is applicable who shall bear the additional amount of tax on the contract executed in the earlier regima?
Replies (2)
Quick Summary
This discussion explores whether Goods and Services Tax (GST) applies to contracts originally agreed under the previous VAT regime. It clarifies that if a contract is renewed or extended under GST, or if billing occurs during the GST period even with an older agreement, GST will indeed be applicable. The key question then becomes who is responsible for bearing the additional tax amount incurred due to this transition.

On each contract taxes are applicable as per applicable taxes.
hence GST shall be automatically applicable on the contract. Charge GST on the invoice itself.
Yes... I agreed to Mr Anup Agarwal.,

@ Mr Abhishek Singh.,

Yes... If any contracts booked before GST regime the same is renewal/extend in GST regime then GST is applicable...


Also the agreement only prepared in previous regime But billing in GST regime then also GST applicable...

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