EASYOFFICE
EASYOFFICE

GST RATE ON GOVERNMENT CONTRACTS

This query is : Resolved 

09 February 2023 What is the gst rate on government contract works w.e.f. from 17/07/2022. Is it 18% on the bills raised after that date ? what will be the rate of gst for the agreements executed earlier to 17/07/2022? is it correct to say that even if the agreement has been made earlier, the gst rate applicable for the bills raised after this date is 18%? What will be the position if the works are completed before 17/07/2022 but payment received after 17/7/2022?
Can the experts throw light on this point please.....

10 February 2023 1 yes, it's 18% after the date bill raised.
2 yes it's correct to say that even if the agreement has been made earlier, the gst rate applicable for the bills raised after this date is 18%.
3 12% GST applicable on work completed before the date.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries