GST on works contractors
morreppagari mohan reddy (43 Points)
15 May 2017
what about contractors , how to file purchase statement in GST web site , please tell me
3 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 15 May 2017
It is not only purchase statement of goods but details of inward supply has to be provided. This detail will be auto populated as details of outward supplies of your relevant suppliers would already be submitted on GSTN. Credits shall be availed on the basis of details of inward supplies. These provisions are common to all suppliers whether work contractor or not. For more clarifications and queries, mail at altamush711 @ gmail.com
ANIL KUMAR SHARMA
(SELF EMPLOYED)
(2 Points)
Replied 15 May 2017
Dear sir,
Please arrange to provide us the methodology of computation of monthly GST liability under works contract involved in construction of bridges.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 15 May 2017
Works Contract is treated as service in gst. Its not like that in present scheme where we have to bifurcate goods and service into 40/60 or 70/30. The whole amount will be chargeable to GST.
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