GST for Govt sub contractor

385 views
User Avatar

Student CA IPC / IPCC
214 Points Posted on 06 February 2023
I am government sub contractor. Cab I opt for GST composition scheme ??
0 Reply Share Follow
On 06 February 2023 at 10:02 Report
Replies (3)
Quick Summary
Government subcontractors can opt for the GST composition scheme if their contracts include both materials and labour. However, doing so means you cannot claim input tax credit. The turnover limit for eligibility is up to Rs. 1.5 crores.

User Avatar

Profession Business
28246 Points Posted on 06 February 2023
Yes you can opt provided your contract is with material and labour but you cannot take input tax credit.
Reply
On 06 February 2023 at 11:51
User Avatar

Student CA IPC / IPCC
214 Points Posted on 06 February 2023
Is any turnover limit ??
Reply
On 06 February 2023 at 12:14
User Avatar

Chartered Accountant
86505 Points Posted on 07 February 2023
Yes you can upto limit of Rs.1.5 crores.
Reply
On 07 February 2023 at 07:05

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax on Australian Stipendiary Steward on 3
  2. INCOME TAX SECTION 92E
  3. Queries on Tax Invoice and GST
  4. Income Tax Auditor Tenure for Small Companies
  5. Sec 8 company sec 12ab reg
  6. AIS Password: How to Open Your AIS PDF?
  7. Interview Questions
  8. ITR Filing Last Date 2026
  9. Tds - filing Conso File for tax year 2026-27
  10. ITR-3 Filing For AY 2026-27 - Tips

More recent discussions | Post

Related Topics :

Loading
Follow