Gst on contract work

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49 Points Posted on 27 July 2020
dear si
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On 27 July 2020 at 21:17 Report
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Quick Summary
The GST rate for contract work on immovable properties is 18%. You need to register for GST and charge this rate if your annual turnover exceeds £20 lakh (or £10 lakh, depending on your location). If your turnover is below this threshold, GST registration is not required.

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Student
448 Points Posted on 28 July 2020
If you are asking about the rate then it's 18% GST rate contract work only for immovable properties.
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On 28 July 2020 at 03:41
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Tax and Business Consultant
11616 Points Posted on 28 July 2020
In this case if your turnover is more than 20 lakh/10 lakh as the case may be, than you are required to take registration under GST and charge GST on service @ 18%
If your turnover is less than above limit, than there is no need to take GST registration.
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On 28 July 2020 at 06:08

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