Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.
 
← Previous Next →

Inclusion of Free issue material in Works contract value, Goods and Services Tax - GST

Issue Id: - 112929
Dated: 10-10-2017
By:- JSW CEMENT LIMITED
Inclusion of Free issue material in Works contract value

  • Contents

Dear All Experts,

Kindly throw your valuable opinion on whether value of Free cost material should be included in works contract value for the purpose of charging GST

Post Reply

Posts / Replies

Showing Replies 1 to 7 of 7 Records

1 Dated: 10-10-2017
By:- Himansu Sekhar

Please refer to Sec 15(20(b) of CGST act,2017. The value of free cost materials is includible in the WCS.


2 Dated: 10-10-2017
By:- KASTURI SETHI

I agree with the view of Sh.Himansu Sekhar Ji. Section 15(2) (b) of CGST Act.


3 Dated: 10-10-2017
By:- Ganeshan Kalyani

Yes , value of material issued free of cost to the contractor to incorporate it into the construction work to be added to consideration.


4 Dated: 10-10-2017
By:- Ganeshan Kalyani

In service tax the Rule stated to include value of free material issued free of cost to the contractor to incorporate it into construction work. But the Act was not clear to state that it should form part of consideration. Hence there was so many issue. So many case in favour of assesses were passed. And equal number of cases were passed against the assesses.


5 Dated: 10-10-2017
By:- Ganeshan Kalyani

In GST it is clearly given in the Act that the value of free issue material to be included in consideration to offer to tax.


6 Dated: 11-10-2017
By:- JSW CEMENT LIMITED

Thanks for your opinion. I was also of the same opinion and wanted to have others opinion also. Thanks once again.


7 Dated: 11-10-2017
By:- vishal sharma

Dear All

it will Depend upon the wording of the contract entered between the contractor and the contractee. If the wording says that every thing will be supplied by Contractor if that be the case then it will be added and taxable as supplies. But if the wording in contract is clear as to what the contractee will supply and what contractor will supply then the material; supplied by Contractee FOC for executing the contract will not be held part of consideration and gst will not be applicable.


1

Post Reply

← Previous Next →
Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version