A registered workcontractor agreement value rs:8 lacs for one work.dealer above mentioned agreement work bill part payment rs:3 lacs amount received.
question:
dealer gstr3b return showing turnover work agreement value or part payment amount received show in gstr3b return.
2 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 05 April 2023
As per Section 12 & 13 of CGST Act the advance against supply of goods or services GST is applicable & in case of advance against Goods GST is not leviable as it is being notified by Notification 40,66 So there is GST on adavance against supply Services.
Now as per Schedule II Work contract supply is cover under services. Hence any advance/part payment reced attracts GST.
so Point no. 1.
If you have not raised any bill for the for the said contract (8lac) & reced the the part payment of Rs. 3 lac , you are liable to report only GST Tax in GSTR-3B . Not required to report any supply Value.
plz do report the same in GSTR-1 under table 11(B)
Point No. 2
If you have already raise the bill for the part payment then you must have already have reported the same in your 3B . so now on receipt of payment not required to report anywhere.
You are not required to report total contract value in GSTR 3B .
Now plz clarify :
1. whether work contract services is being provided or it is in progress.
Now as per Schedule II Work contract supply is cover under services. Hence any advance/part payment reced attracts GST.
so Point no. 1.
If you have not raised any bill for the for the said contract (8lac) & reced the the part payment of Rs. 3 lac , you are liable to report only GST Tax in GSTR-3B . Not required to report any supply Value.
plz do report the same in GSTR-1 under table 11(B)
Point No. 2
If you have already raise the bill for the part payment then you must have already have reported the same in your 3B . so now on receipt of payment not required to report anywhere.
You are not required to report total contract value in GSTR 3B .
Now plz clarify :
1. whether work contract services is being provided or it is in progress.
Recent Topics
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
Related Threads
CAclubindia
