Workcontractor in gst

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B.com
3025 Points Posted on 15 September 2020
A gst registered regular scheme dealer trading for workcontract (repairs and roads works)
1.delaer purchases of some iron and cement goods input claim eligible or not eligible
2.labour charges paid RCM applicable
3. Difference works contract amount received .this amount shown in producure in gstr3b and gstr1 gst returns compulsory.
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On 15 September 2020 at 17:04 Report
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Quick Summary
This discussion clarifies GST for registered dealers undertaking works contracts, focusing on repairs and roadworks. It addresses whether input tax credit is available for materials like iron and cement. The query also explores the applicability of Reverse Charge Mechanism (RCM) on labour charges and how to correctly report contract amounts in GSTR-3B and GSTR-1 returns.

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Student
23693 Points Posted on 17 September 2020
1). GST ITC is available in the hands of the Registered Works Contractor for the inputs.

2). Labour Charges no RCM.

Q3 is not comprehensible / clear !
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On 17 September 2020 at 00:26
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B.com
3025 Points Posted on 17 September 2020
Dealer works completed amounts received through on bank account credits.this amounts gst applicable.
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On 17 September 2020 at 09:03

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