Home Forum Goods and Services Tax - GST Month 4 2019 2019 (4) This
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GST Complaince in Deduction of amount of Contractor - Goods and Services Tax - GSTExtract Dear Expert please advice in following in relation to Scenario : - The ABC Cement Compnay was entered Contract for fabrication works (Mechanical ) under service Contract . In Contract, material (Steel) has been issued by ABC to Contractor for fabrication. After completion of work ,in material reconciliation of Steel, shortage has been found and ABC has decided to debit the vendor of shortage of Steel ( as penalty) . Issue : -In above Scenario, Since the material(Steel) is part of ABC and steel was not supplied by Contrator :- Whether GST Credit Note can raise by Contractor ? or ABC should issue Tax Invoice with @18% of GST , Considering supply as per Schedule II Point-5(e) please advice above issue
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