banner_ad

Taxation on Works Contractor

290 views 3 replies
Dear All, please advise, what about the taxation system for work contractor.
spose a work contractor take a contract for making a home for individual or for a commercial building and contract value approx 15lac including material.
Q.1 He will charge GST on 15lac.
Q.2 He can avail input on material.
Replies (3)

1 Yes

2. Yes also over labour and other inputs

Under GST, works contract us classified as Supply of Services.
1. GST to be charged on Rs. 15L
2. Input credit can be availed only on such inputs used only for rendering output services of works contract only. Refer S. 17 of CGST regarding this.

Rs.15 lacs inclusive of gst. if gst paid on Rs.15 lacs then it comes to Rs.17.7 lacs. I think calculation should be 15x100/118=12.71+ gst 2.29


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details