Composition scheme for work contractor

Jyoti Narang (Kkk) (1204 Points)

29 April 2021

is composition scheme is available to work contractor.if yes.then what is the rate of tax.....

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 29 April 2021

Composition scheme is not available to works contractors as it is treated as service under GST.

Jyoti Narang (Kkk) (1204 Points)
Replied 29 April 2021

And work contract attract to nil rated gst rate?

Lotus Agrawal (Practice) (1361 Points)
Replied 30 April 2021

No it is taxable.

CA PARTH SHAH (In Practice) (1951 Points)
Replied 03 May 2021

Composition scheme can be availed for the works contract. Gst rate will be 6% without ITC.

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