On what amount gst should be charge

This query is : Resolved

PRIYANKA MANE (Querist)
Follow

13 March 2018 1. One of my client have a project of Rs. 1 Cr. They take consideration in parts against works completion, like contract. Eg. if 5% work completed then they charge 5% of the contract value. in such case on what amount they require to pay GST? 1 Cr or 5% of 1 Cr

2.If counter party (Buyer) is not ready to pay balance due but we paid GST on sale and buyer took credit of the same. in such case how to get back GST paid

Udaya Chandran

Udaya Chandran (Expert)
Follow

14 March 2018 1 > You can raise the tax invoice for the completed portion work
2 > The buyer cannot take input unless he pays the invoice amount within 180 days from the date of invoice