We do construction work we
have received a road construction contract from but yesterday we have received some amount from PWD, Rajasthan but we have neither generate any invoice and nor report this amount in gst return please guide us what should be done with this amount
5 Replies
koti chunduri
(47 Points)
Replied 17 August 2022
The department disburses the consideration on the basis m b book. you need not issue invoice in government works. simply show the amount received in 3b return in output column and pay the tax after due acceptance of tds amount by setting off such tds amount.
Mangal Singh Khinchi
(Kota)
(259 Points)
Replied 17 August 2022
Should we pay GST on amount received from PWD & what will be the rate of GST
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 17 August 2022
Firstly asked the PWD, reason for receipt of amount. May be it's your security deposit or some other o/s amount. If such amount is consideration for work then pay GST @ 18%
Mangal Singh Khinchi
(Kota)
(259 Points)
Replied 19 August 2022
Its not security deposit they given us a contract of road construction
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 August 2022
So you need to pay tax
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