IN WORK CONTRACT FEILD AS SENIOR ACCOUNT
4 Points
Joined August 2014
As per Notification of central tax (rate) 31/2017
Effective from the 13.10.2017 earthwork is morethan 75% then rate of gst is 5% ( before respectively prescribed rate)
Example:- CONSTRUCTION WORK OF ROAD BEFORE ITS 18% AND FROM NOW ASSUMING ABOVE WORK IS COVERED UNDER SAME, SO FROM RECEIPT ON OR AFTER 13.10.17 ITS CHARGED @ 5% GST RESPECTIVELY.