Works contract - Govt works
Prakash Bangalore (81 Points)
14 February 2019Prakash Bangalore (81 Points)
14 February 2019
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 14 February 2019
This issue is confusing as being a government contractor your GST liability will occur on bills charged to Government
please accumulate your GST ITC to compensate unseen future liability (even-if not required)
For Contracts where GST is provided in BOQ of work order no issue for accumulation and utilization of ITC
Prepare cost working for each contract separately
Srinivas Ch
(Sr.Accountant)
(365 Points)
Replied 14 February 2019