Gst on contractors
This query is : Open
20 September 2017
Sir we are the Electrical contractors we have Buy the Materials @ 28% But our Customers are asking 18% under Composition Scheme is it possible and how we can got Remaining 10%
20 September 2017
No such composition scheme is possible in GST. Charge 28% on material supply and 18% on services.
20 September 2017
Your actvity is taxable @ 18%, ie your (material + Labour), You can take input of material purchased and other input services, even if it's @28%, if net you have excess input credit, you can adjust in future months or go for refund.
20 September 2017
No....
You can't decrease any rate of tax based in GST. You ll give based only GST rates...
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