Gst on construction (works contract-abatement)
This query is : Resolved
prem kumar
(Querist)
13 August 2017
Experts,
how to calculate GST on Construction Bills..
If exam: Total Receipt Value: Rs.1,00,000 /- (only constructions cost-works contact)
Service tax only 40% of total receipt value. (60% abatement)
Now, how to work GST on this total receipt value.
how to calculate GST on Construction Bills..
If exam: Total Receipt Value: Rs.1,00,000 /- (only constructions cost-works contact)
Service tax only 40% of total receipt value. (60% abatement)
Now, how to work GST on this total receipt value.
CA R SEETHARAMAN
(Expert)
13 August 2017
18% GST applicable on 1,00,000 with input credit on material and service GST. No abatement.
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