Government work contract
Suman GL (55 Points)
17 October 2020or
we need to pay 12% GST on contract amount.
Shivam RC
(Student)
(23683 Points)
Replied 17 October 2020
Suman GL
(55 Points)
Replied 17 October 2020
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 19 October 2020
You pay GST @ 12% on payment received from government under the contract. Once the final bill is made, you will have to pay the balance tax.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)