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COMPOSITION ON WORKS CONTRACT
my query is whether works contract services under section 2(119) is covered under composition scheme u/s 10 of CGST and what rate if applicable
Replies (7)
No. Composition is applicable on for goods (except notified goods) and not applicable on services (except reataurant services)
as of now composition threshold is 75 lakhs at 1 , 2 and 5 percent on trader manufacturer and others respeCtively
ok ok now i got it
as per sec. 10(2)a only persons supplying services as per Sch. 2 para 6 clause b of cgst act i.e food supply etc. restaurant except alholaic liquour hor human consumption can adopt composition other service providers cant' opt for it. and as per sch. 2 para 6 clause a works contracts u/s 2(119) are to be considered as supply of services
right
tganxx
good clarification and information
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