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TMI BlogDeduction of Tax at Source (TDS) in respect of works contractors and suppliers regarding.X X X X Extracts X X X X X X X X Extracts X X X X ..... of tax under GST on works contract. Therefore, for the purpose of uniformity in the implementation of the Act, following issues are being clarified hereunder: Under GST, a works contract is considered as composite supply, however, it is deemed to be a supply of services by virtue of entry 6(a) of Schedule II of the Assam GST Act, 2017. The effective rate of tax for a works contract shall be either 12% or 18% as the case may be. However, irrespective of such rate of tax, the applicable rate for deduction of tax at source (TDS) shall be: SGST @ 1% and CGST @ 1% in case of intra-State supply or IGST@ 2% in case of inter-State supply. For the sake of convenience, the relevant portion of works contract from Notification No. 11 (as amended vi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er treatment, or (iii) sewerage treatment or disposal. 6 6 12 (iv) Composite supply of works contract as defined in clause (119) of section 2 of the Assam Goods and Services Tax Act, 2017, supplied by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of,- (a) a road, bridge, tunnel, or terminal for road transportation for use by general public; (b) a civil structure or any other original works pertaining to a scheme under Jawaharlal Nehru National Urban Renewal Mission or Rajiv Awaas Yojana: (c) a civil structure or any other original works pertaining to the "In-situ rehabilitation of existing slum dwellers using land as a resource through private pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or agricultural produce including a cold storage for such purposes; or (f) mechanised food grain handling system, machinery or equipment for units processing agricultural produce as food stuff excluding alcoholic beverages. 6 6 12 (vi) Construction services other than (i), (ii), (iii), (iv) and (v) above. 9 9 18 Paragraph 2 : In case of supply of service specified in column (2) of the entry at item (i) against serial no. 3 of the Table above, involving transfer of property in land or undivided share of land, as the case may be, the value of supply of service and goods portion in such supply shall be equivalent to the total amount charged for such supply less the value of land or undivided share of land, as the case may be, and the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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