Workcontractor return

This query is : Resolved

Kollipara Sundaraiah (Querist)
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16 September 2020 A gst registered regular scheme workcontract service provide to different govt works.dealer works amounts received through on bank account credits and purchases of iron and cement from registered dealers.
Question:
1.purchases of iron and cement input credit claimed eligible.
2.works amount received through on bank mode receipts shown in gst monthly returns and treatment in gst act.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 September 2020 1.Purchases of iron and cement input credit claimed eligible if GST charged on such works.
2 unless exempted GST applicable on such works and ITC can be claimed on all inputs.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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16 September 2020 sir,dealer different works payment received through on bank account sales turnover treatment and rate of tax applicable

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 September 2020 Government works 12% GST applicable and for others 18% GST applicable.

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