Menu
Rate applicable on works contract is highest rate of supply item which is part of transfer of property while execution of works contract?
Is there any provision that Rate applicable on works contract is highest rate of supply item which is part of transfer of property while execution of works contract? Pl clarify
Replies (5)
no there is no such provision. Under gst law, works contract is treated as a supply of service and rate of tax applicable is 12%. The highest rate of supply item is in case of mixed supplies.
Thank u very much sir
rate of tax is 18% for works contract.
yes it is 18%.
Supply and installation of lifts is works contract. Is it fully taxable at 18%, despite the fact that Lifts are taxable at 28% ?
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
