Question ID :
41100
Works Contract
A firm has got contract from a Private Bank for Installations of Tubewell in Schools. Every thing has to be done by contractor like purchase of Material, dwelling of borewell, labor etc. Is it come under Works Contract. If Yes What GST rate would be charged by contractor ??
Posted by
Harish Kumar
on
Jul 15, 2021
Filed Under
GST
Yes. It is a works contract. GST shall be charged by the contractor @18%.
Posted by
CA. JHA SHANKAR KUMAR on
Jul 16, 2021
Answer ID :
81195
yes, it is a works contract & GST Rate is 18%
Posted by
CA. SATISH CHAND GARG on
Jul 16, 2021
Answer ID :
81273
works contract means contract involving supply of goods to execute the contract services supplied under works contract are taxed at 12/118%
Posted by
Hari Beldona on
Aug 29, 2021