Labor supplied in our factory by labor contractor which are engaged in production and packing works and are paid on the basis of quantity manufactured i.e. quantity of Semi Finished goods and Finished Goods and not on the basis of mandays deployed.
Kindly clarify what rate of GST is applicable on the contractor’s service
Yes......... at 18% GST, provided you are registered....
Yes, Pay tax by self invoice, the ITC of which will be available to you next month.
THANKU YOU SO MUCH FOR YOUR VALUABLE FEEDBACK
My Pleasure
Though the exact code differ based on type of industry where such supporting services provided, but in general following can be used:
| 998898 | Other manufacturing services n.e.c. |
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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CAclubindia
