TMI BlogGst on work contractsX X X X Extracts X X X X X X X X Extracts X X X X ..... Plz tell: what will be the rate of GST on work contracts? will it will be applicable on already ongoing works (started before GST) - Reply By Himansu Sha - The Reply = In my view the ongoing projects will be wcs. - Reply By Ganeshan Kalyani - The Reply = It is works contract service. - Reply By KASTURI SETHI - The Reply = New GST rate will be applicable on works contract services from the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate of implementation of GST. - Reply By MUKUND THAKKAR - The Reply = if contract before GST kindly review the same, and make necessary changes in contract terns as per GST. - Reply By Himansu Sha - The Reply = For wcs, it should be immovable property. Otherwise it is a normal service. - Reply By MUKUND THAKKAR - The Reply = Agree Himansuji.. - Reply By Himansu Sha - The Reply = Thanks ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sir. - Reply By A K Reddy and CO - The Reply = The works contracts are categorized as service and attracts 18% GST - Reply By gopal sharma - The Reply = works contract could be taxed on the value of goods and services with ITC under GST. It can be estimated at 18%. - Reply By JAIPRAKASH RUIA - The Reply = I think transitional provisions for ongoing work contract are yet to be finalize ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. - Reply By Ramesh komera - The Reply = Good Evening sir please tell Audio,Sound System.Lighting, for rental services please tell HSN Code for This equipment - Reply By NaveenTammina Tammina - The Reply = 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... didnt imply any gst implication - Reply By JAYACHANDRA KEERTHI - The Reply = Whether TDS is applicable for Works contract service in GST regime? - Reply By JAYACHANDRA KEERTHI - The Reply = 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) - Reply By Rudrayani Shedjale - The Reply = Pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... viously 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? please advise. - Reply By KASTURI SETHI - The Reply = Pl. refer to your query dated 15.7.17. Service provided to Govt. is not exempted from GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and Service provided by Govt. is exempted. For your information all services provided by Govt. are not exempted. In some services, liability has been shifted to Service Receiver. Each and every service has to be examined critically. - Reply By Rajinder Choudhary - The Reply = Please guide me, i want to know about before gst sales tax 5.25% on contractor work and after Gst tax rate apply on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... contractor works. - Reply By Rudrayani Shedjale - The Reply = @ Kasturi Sethi Sir, thanks for the information. if we are doing any expenses like conveyance,printing stationery, repairs maintenance, labour charges etc. if such expenses are Rs.5000/-a day, we have to pay GST on the same under RCM. So my query is if such Govt.Agency has given a contract to a registered civil work cont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ractor, for construction of their building, do they have to pay GST ? - Reply By Sanjay Gandhi - The Reply = Rate on works contract is reduced to 12% - Gst on work contracts - Query Started By: - Ravinder Gupta Dated:- 1-6-2017 Goods and Services Tax - GST - Got 19 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
