Plz tell: what will be the rate of GST on work contracts? will it will be applicable on already ongoing works (started before GST)
Posts / Replies
Showing Replies 1 to 15 of 19 Records
In my view the ongoing projects will be wcs.
It is works contract service.
New GST rate will be applicable on works contract services from the date of implementation of GST.
if contract before GST kindly review the same, and make necessary changes in contract terns as per GST.
For wcs, it should be immovable property. Otherwise it is a normal service.
The works contracts are categorized as service and attracts 18% GST
works contract could be taxed on the value of goods and services with ITC under GST. It can be estimated at 18%.
I think transitional provisions for ongoing work contract are yet to be finalized.
Good Evening sir
please tell Audio,Sound System.Lighting, for rental services please tell HSN Code for This equipment
What about contracts that are awarded pre-gst? The tender rates didnt imply gst in it. How is it the government wants to collect more tax when the tender was called pre-gst? And the quote didnt imply any gst implication
Whether TDS is applicable for Works contract service in GST regime?
Distination based tax will be charged or tax will be received where we recevied from order ? (i.e tax will be charged for Billed party or Ship't party)
Previously Civil work contract services provided to Government Agency/Authority were exempted from serve tax. Now under GST is there such exemption?
also whether sych Government Agecy/Authority also have to pay GST as they are availing services?