Mr. A provide repair & maintenance service of transformer to Mr. B under a contract ( value Rs 20,00,000)
During the repairing some scrap material arise which given to Mr. B for consideration of Rs 5,00,000/-
The invoice has been issued in following manner :
Amount for rendering
of service Rs 20,00,0000
Less:
Material provide Rs 5,00,000
Balance Rs 15,00,000
Add : GST @ 18%. Rs 2, 70, 000
Total. Rs 17,70,000
Less:
GST TDS @ 2%. Rs 30,000
GST on scrap. Rs 90,000
@ 18% on Rs 5,00,000
on rs 15,00,000/-
Net Amount paid to
Mr. B.(17,70,000-30,000,90,0000)
= 16,50,000/-
the above treatment is correct as per GST provision.
The last date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.
REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.
Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019.
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