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Impact on project cost

Others 255 views 1 replies

Sir,

Before completion of work, GST rate was revised from 12% to 18%.  Will it be considered as increase in work cost?  if 

  1. work was awarded for ₹ 1,00,000 (including GST)
  2. work was awarded for ₹ 1,00,000 (GST Extra)

Please reply.

Regards

Replies (1)

1. Increase in work cost

2. Otherwise I.e. no increase in works cost


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