Examples of GST return in a sentence
Contractor should timely file his GST return in accordance with GST provisions to enable the bank to claim the credit of GST paid to the contractor5.
However, statutory charges, if any will be borne by the bidder. GST component of the invoice of the bidder may be kept on hold in case there ia any mismatch / irregularity in GST return filling on the part of the bidder.
This aspect should be included in the rates quoted by the contractor.1.7.1 However, contractor is required to submit Tax Invoice as per rules under GST law.1.7.2 CWC shall deduct GST at source at applicable rates in case transactions under this contract are liable to GST deduction at source.1.7.3 Under GST regime, the contractor is required to correctly and timely disclose the details of output supply to GST as per GST rules in his GST return.
Under GST regime, the contractor is required to correctly and timely disclose the details of output supply to GST as per GST rules in his GST return.
For final bills, GST will be retained and reimbursed on matching the same in GST return and after receipt of request from the contractor.
In cases where invoice details have been uploaded by the vendor but failed to remit the GST amount to GST Department (Form PMT-08 or Form GST RET-01 to be submitted) within stipulated time, then GST paid on the invoices pertaining to the month for which GST return not filed by the vendor will be recovered from the vendor along with the applicable interest (currently 24% p.a) and all subsequent bills of the vendor will not be processed till filing of the GST return by the vendor 8.
However, statutory charges, if any will be borne by the bidder.• GST component of the invoice of the bidder may be kept on hold in case there ia any mismatch / irregularity in GST return filling on the part of the bidder.
However, the GST portion will be payable only after submission of proof / self-certified copy of GST return filed online by the tenderer clearly (duly highlighted) showing invoice/ bill number and amount submitted to ALIMCO.ii) Advance payment terms or payment against delivery or terms of payment other than (i) above are not acceptable to the Corporation.
Contractor should timely file his GST return in accor- dance with GST provisions to enable the bank to claim the credit of GST paid to the contractor5.
For final bills, GST will be reimbursed subject to matching of transaction in GST return and after receipt of request from the contractor.