Works Contract services for construction services

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189 Points Posted on 25 March 2024
GST rate of tax for work contract services for smart City scheme under Municipal Corporation ?
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On 25 March 2024 at 12:16 Report
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This discussion clarifies the Goods and Services Tax (GST) rate applicable to work contract services provided for Smart City schemes under Municipal Corporations. The prevailing rate is confirmed to be 18%. It also touches upon whether advance payments and completion bonuses for work contracts are taxable under GST.

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Tax Professional
116 Points Posted on 25 March 2024
Most of the wcs are taxable @ 18%
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On 25 March 2024 at 15:15
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Profession
28271 Points Posted on 25 March 2024
Works contract tax services @ 18%
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On 25 March 2024 at 19:46
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189 Points Posted on 26 March 2024
Wef 01.01.2022?
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On 26 March 2024 at 08:45
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AUDITOR
22 Points Posted on 26 March 2024

work contract advance completion of work bonus is taxable are not in GST

 

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On 26 March 2024 at 19:35

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