28 January 2020
Hi Everyone, We are Government Contractor and do work contract for Military Engineer Service (MES). We construct Army Cantonment. We had received Work Contract from GOI in 2005 for Constructing Army Cantonment in Ahmendnagar. We started work and completed half of the work but the due some circumstance could not complete the work. Then we went to Arbitration court and won the Arbitration award for the same work in February 2017 but recd payment in August 2017 when GST was applicable. As we were Government Contractor we were exempt from Service tax. Do we have to pay GST on this Award or we are Exempt from paying the GST as the award was passed before the GST become applicable.
29 January 2020
Thanks for your reply. In that case how do we show the Award Amount in GSTR 9 for F.Y 2017-18. Should I show this amount in Exempt Income column as GST is not applicable.
30 January 2020
Sir but our CA says GSTR 9 is a Annual return its figure should match with the figure we have put in the Income tax return profit and loss account Sir we have taken the Award money has income for the period. Please suggest what we do ?
CAclubindia
