Gst rate on work contract _

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163 Points Posted on 21 August 2023
sir
howmuch percentage do contractors have to file gstr 3b for work order 2020-21 and completed on may 2022 but payment on this year 2023
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On 21 August 2023 at 17:44 Report
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Quick Summary
This discussion addresses queries regarding the GST rate applicable to work contracts, particularly for a work order from 2020-21 completed in May 2022 but paid in 2023. Participants debate the specifics of contractor filing and the relevant GST rates. The consensus leans towards applying the GST rate prevalent on the date of service provision, advising consultation with an expert for accurate filing and to avoid departmental complications.

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Profession
28271 Points Posted on 21 August 2023
Contractors filing is different.
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On 21 August 2023 at 19:22
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"Do the Right Thing...!!!"
128157 Points Posted on 21 August 2023
Very bad reply Mr Sabyasachi...
Please reply if you have proper knowledge and experience. Otherwise don't attempt queries...
Wait and See experts reply. After You can learn, earn knowledge, experience...

Please avoid such few words assumptions...🙏🙏🙏🙏🙏
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On 21 August 2023 at 19:58
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Profession
28271 Points Posted on 22 August 2023
I hv little better knowledge than u. Contractors need to specify the nature of knowledge. Ver bad assesment indeed. Do not comment for the sake of commenting on others. There are two categories one is individual and another is company. Sec 194C.
If they have technical competency or hv specialized knowledge in the field of accountancy and others.Yhen it's a different scenario altogether.
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On 22 August 2023 at 10:22
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"Do the Right Thing...!!!"
128157 Points Posted on 22 August 2023

Okay Sir, Very Good Knowledge and Keep it Up Sir..

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On 22 August 2023 at 10:25
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"Do the Right Thing...!!!"
128157 Points Posted on 22 August 2023

@ Mr Mebawansuk Nongkynrih 

Your query is not clear...

Please ask your query with details. Contractor means

what works and its nature..?

Bcoz, in industry many contract works available...

So, better to give some more clarity.

 

 

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On 22 August 2023 at 10:27
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Employee Private
1913 Points Posted on 22 August 2023

In my knowledge, any registered service provider, has to be generate Invoice as per Section 31 of CGST Act. If not, date of provision of services shall be treated as the time of supply of services. 

And for applicability of GST rate shall be, prevailed rates as on the date as computed above. 

Better to contact expert with all the documents related to the contract to avoid complications from the department.

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On 22 August 2023 at 14:31

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