GST RATE ON GOVERNMENT CONTRACTS
This query is : Resolved
09 February 2023
What is the gst rate on government contract works w.e.f. from 17/07/2022. Is it 18% on the bills raised after that date ? what will be the rate of gst for the agreements executed earlier to 17/07/2022? is it correct to say that even if the agreement has been made earlier, the gst rate applicable for the bills raised after this date is 18%? What will be the position if the works are completed before 17/07/2022 but payment received after 17/7/2022?
Can the experts throw light on this point please.....
Can the experts throw light on this point please.....
10 February 2023
1 yes, it's 18% after the date bill raised.
2 yes it's correct to say that even if the agreement has been made earlier, the gst rate applicable for the bills raised after this date is 18%.
3 12% GST applicable on work completed before the date.
2 yes it's correct to say that even if the agreement has been made earlier, the gst rate applicable for the bills raised after this date is 18%.
3 12% GST applicable on work completed before the date.
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