GST on contract given by Railways
Shashank S Gore (Audit Accounts & Tax Consultant) (48 Points)
12 September 2021Shashank S Gore (Audit Accounts & Tax Consultant) (48 Points)
12 September 2021
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
The value addition by ur client would get the gap closed
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
Say ur client buys 100 rs. Of goods with gst of 18% and pay gst on 150 @ 12% therefore ur client pays 0 tax from his pocket
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
Further ur clients collects 18 rs of tax too from his client. So nothing would b paid from his pocket in real sense.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
Say ur client buys 100 rs. Of goods with gst of 18% and pay gst on 150 @ 12% therefore ur client pays 0 tax from his pocket
Shashank S Gore
(Audit Accounts & Tax Consultant)
(48 Points)
Replied 12 September 2021