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work contract

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what is rate of work contract
Replies (5)

Composite supply of work contract - 18%

government has changed rates for 12% is it correct

That is in case if provided to Govt in respect of some specified item.

can banks be covered under govt? we work for IDBI bank and other nationalised banks and do work for their interiors, civil and electrical will that too come under 18% ?

yes govt change the rate of tax in work contract 12% instead of 18%


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