Greetings !!!
As subjected please advise on below matter:
1) We have finalized lift vendor in SGM to replace our old 25 years lift
1) We have finalized lift vendor in SGM to replace our old 25 years lift
2) Lift Vendor will Raise invoice of 4.00 Cr principal + 18% Gst approx 72 lakhs - total invoice 4.72 CR on our CHSL
3) Our CHSL is collecting from its resident members 5.60 Cr stating that 4.72 Cr needs to be paid to Lift Vendor and balance 85 lakh to GST department -
4) Is point 3 correct ? Because as layman understanding 312 members are consumers they need to pay product value + 18 % GST directly to vendor and not to pay Extra 18% GST to GST department
if yes then as 312 members are consumers then they are paying 18 + 18% GST on lifts - How can we appeal to GST department or Finance ministry for this whopping taxes
if yes then as 312 members are consumers then they are paying 18 + 18% GST on lifts - How can we appeal to GST department or Finance ministry for this whopping taxes
Regards
Anup
CAclubindia
