Payment of gst

This query is : Resolved

K.Naveenbabu (Querist)
Follow

03 August 2018 For civil contractors

Actually they are getting billed after 2 months
but gst amount for those bills is high for that they not filling return

For Ex; The invoice amount rs.10,00,000.00

gst Rs.1800000

raised on 01/6/2018

but they get amount date-20/09/2018

for these the investment they can't maintain
is there any provision to payment on actual basis
or can we go for advance ruling payment on qtrly basis?

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
Follow

03 August 2018 GST is leviable on accrual basis i.e. on the date on which invoice is raised. No Advance ruling possible againdt the law.

K.Naveenbabu

K.Naveenbabu (Querist)
Follow

05 August 2018 what about itc of works contract in gst

can uexplain clearly

Upgrade to CAclubindia Pro. Subscribe Now!