Contractor quoting for Govt Works Contract

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..... Assume a Contractor who is quoting for a Govt. Dept Work. An illustration on arriving at final rate of an item by a Contractor for an item to be quoted in price bid is as follows BASIC PRICE .....

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..... (A) Subtract DISCOUNT (B) Add TRANSPORTATION (C) Add PROFIT (D) Add GST at 18% on (A+B+C+D) = (E) TOTAL (F) = A+B+C+D+E Amount quoted by Contractor .....

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..... in price bid = F As we know, Govt. Dept will incur 12% towards GST on Works Contract offered by the Contractor. Whether Contractor will add 12% to the above value (F) and put his quote in the price .....

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..... bid? Please give your thoughts - Reply By KASTURI SETHI - The Reply = No. Any tax cannot charged twice for same supply of goods or services. - Contractor quoting for Govt Works Contract - .....

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..... Query Started By: - MELVIN KOSHY Dated:- 24-8-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management .....

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..... India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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