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Tax rates on work contract to government departments
some newspapers( Danik bhaskar) saying tax rates on work contract to government departments would be 18% from 1 January 2022 its true?
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Already Notifications issued by CBIC on the Works Contract Rates, that services provided to other than Central Government, State Government, Union Territory and Local Authorities will be charged @ 18% from 01/01/2022.
Please refer Notification No.15/2021-Central Tax Rate.
Tax rates on works contract to government departments is 18%
the nature of works contract is essential.
the nature of works contract is essential.
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