Please tell me what is the rate of tax for electrical contractor who Supply Goods & Services to Govt (Govt Works). How to calculate the tax amount. And is ITC available on Purchases?
Please check whether you works fall under the definition of works contracts or not. If yes, rate of GST is 18% for works contracts. Please note that there is some relaxation in GST rate for works contracts done under governemnt project. so please check whether your project eligible for relaxation or not.
If it doesn't fall under the definition of works contracts, it will be treated as a mixed supply. if you do not raise the bill seperately, supply which attracts higher rate will be applied on complete transaction.
Purchase is 18%. But for government work contract 12% is gst applicable for their services including the materials. The difference of output tax and input tax shall be payable as gst amount.
What to do for works done in pre GST period say in Jan-17 but we got the check (amount) in Aug-17 GST Period. Is we have to pay tax @ 18% or 12% in gst or how to show it???
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