I m work constructor...........and GET tender of PMGSY
What is my Gst liability or responsibility and under which section
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work contractor
Replies (2)
Composite supply of works contract as defined in clause (119) of section 2 of the Central Goods and Services Tax Act, 2017, involving predominantly earth work (that is, constituting more than 75 per cent. of the value of the works contract) provided to the Central Government, State Government, Union territory, local authority, a Governmental Authority or a Government Entity attracts gst @ 5%
Please refer this
https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=7573&kw=Final-rate-of-GST-12-on-Government-Works-Contracts
https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=7573&kw=Final-rate-of-GST-12-on-Government-Works-Contracts
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