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Electrical Contractor

srinivasan (Freelancer - Accounting / GST / TDS / Service Tax Refund / Customs / STPI / Tax Filing ) (70 Points)

02 February 2009

Dear All

Please let me know Electrical Contractor falls under which categories & codes to pay the payment through GR7.

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Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 03 February 2009

Electrical contractors may fall under residential construction ( more than 12 apartments) or commercial construction or under erection installation and commissioning services as long as they are only provding labour and no materials. Rate 12.36% on labour bill. In case of compiosite contracts they wouldbe under works contract entry. rate under compostion 4.12% or 12.36 % after claiming deduction for value of transfer of proeprty on which VAT paid or deducting for value of materials transferred or avail credit on inputs ( central excise onwires connectors etc)and pay ST on the gross amount.