Gst on works contract under composition scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2017
We are in to fabrication works and we are paying WCT 5% under composition scheme and taking abatement of 60% on total invoice and paying service tax on 40% at present. In GST what is the tax rate? Is there any composition scheme or can we avail ITC? Can anyone help please?
29 June 2017
No composition scheme available for such works. You can avail ITC and pay 18% GST.
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