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..
Menu
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%.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
