CAN GST BE CHARGED ON COST INCLUSIVE OF GST
This query is : Resolved
ABIR SHARMA
(Querist)
16 December 2019
My company is executing a works contract valuing Rs 1051 Crore (Including GST). Since My client is Electricity Supply company they are not eligible for Input tax credit, so GST is included in Contract Value.My JV Partner is a technical consultant for fixed percentage of 1% of Contract Value. My JV Partner is charging Consultancy charges based on my contract value and further charging GST on that.Could you please help me by providing the constitutional provision of TAX ON TAX. Whether we should pay GST on GST.
CA R SEETHARAMAN
(Expert)
16 December 2019
Claim ITC on GST claimed by your jV partner. You are eligible to claim ITC on all payments to your sub contractors.
GST on GST not payable.
GST on GST not payable.
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