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 ..... eferred circular in respect of rate 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 cont ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of,- (a) a historical monument, archaeological site or remains of national importance, archaeological excavation, or antiquity specified under the Ancient Monuments and Archaeological Sites and Remains Act, 1958 (24 of 1958); (b) canal, dam or other irrigation works; (c) pipeline, conduit or plant for (i) water supply (ii) water 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) low-cost houses up to a carpet area of 60 square metres per house in a housing project approved by competent authority empowered under the 'Scheme of Affordable Housing in Partnership' framed by the Ministry of Housing and Urban Poverty Alleviation, Government of India; (d) low cost houses up to a carpet area of 60 square metres per house in a housing project approved by the competent authority under- (1) the Affordable Housing in Partnership component or the Housing for All (Urban) Mission / Pradhan Mantri Awas Yojana; (2) any housing scheme of a State Government; (e) post-harvest storage infrastructure for agricultural produce including a cold storage for such purposes; or (f) mechanised food ..... X X X X Extracts X X X X X X X X Extracts X X X X
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