Gst on works contract

1. Real estate is "property consisting of land and the buildings on it, along with its natural resources, immovable property of this nature; an item of real property, (more generally) buildings or housing in general.........taxed at 12%

2. A works contract is a mixture of service and transfer of goods. Examples of works contract are construction of a new roads,bridges, erection, installation of plant and machinery. etc..... at 18%

Most welcome

Sir what is the GST Tax rate for Interior designers who come under works contract in current VAT Regime.

Sir what is the GST Tax rate for Interior designers who come under works contract in current VAT Regime.

Dear Sir

Only works contract pertaining to immoveable property as covered u/s 2(119) are taxable at 18%(Eg: Construction Contract).

For any works contract pertaing to moveable property which are not covered u/s 2(119) are taxable based on Composite Supply i.e., rate of Principal Supply. (Eg: Interiors works of flat, taxable at 28% assuming plywood as a princial supply used in the works contract)