Respected all, we had our partnership firm. We are the Govt registered contractor which comes under the work contract tax which having 18% gst. but the major drawback is the Labor payments are not deducted from the whole amount..
So we have to pay the tax for the for
the complete payment..
Please tell me that is there any Changes in WCT? or there something yet to come in WCT..
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Any changes in WCT ?
Replies (3)
Dear Ganesh,
I understand that your query as whether GST has to be paid on labour portion? Please noote that in works contract service, there would be no division between Material and labour separately. Hence, if you have received 10lacs for the contract, then GST has to be paid at 10lacs inclusive basis.
Further note that few of the works contract services provided to governement is taxed at 12%.
wct is abolished after GST implementation
Yes, government contract gst rate is 12% and other private contract gst rate is 18%.
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