This discussion concerns the correct Goods and Services Tax (GST) rate applicable to work contracts performed for KPTCL, a government entity. While GST was previously remitted at 12% for construction work commissioned by KPTCL in 2020-21, an officer suggested an 18% rate, arguing KPTCL is a company. The consensus leans towards 12% being correct, given KPTCL's status as a government organisation, but it's advised to verify this with the specific tender terms.
29 December 2024
For instance, Mr. A executed construction work commissioned by KPTCL, a Government Entity, during the fiscal year 2020-21. GST was remitted at the rate of 12% at that time. However, Officer suggesting me that the applicable GST rate is 18% since KPTCL is Company is it right ?
29 December 2024
KPTCL (Karnataka Power Transmission Corporation Limited) is a governmental organization. It is a state-owned power transmission company in the Indian state of Karnataka. https://kptcl.karnataka.gov.in