Valuation
Rajya Lakshmi (Management Trainee) (57 Points)
13 February 2017
How the Works Contracts are valued under GST?
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 14 February 2017
Works contract shall be deemed to be supply of services under GST (Schedule II, para 5 (f)) and the valuation principles applicable to services would bequally applicable in case of works contract. More clarity is awaited.
Rajya Lakshmi
(Management Trainee)
(57 Points)
Replied 14 February 2017
What will be the treatment with respect to the Goods supplied at free of Cost to the supplier in order to finish the Works Contract?
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