Impact of GST on contractors
samriti (article) (107 Points)
17 June 2017
Person is contractor who makes roads. Pls tell impact of gst. Whether registration is required,??
7 Replies
K DURGA PRASAD
(PRACTICING CHARTERED ACCOUNTAT)
(4 Points)
Replied 18 June 2017
yes GST at 18% with itc
pradeep kumar
(245 Points)
Replied 18 June 2017
a contractor makes a roads,bridges,tunnel etc for General public utilities those works contracts services are exempt from gst also
samriti
(article)
(107 Points)
Replied 18 June 2017
No. Earlier in service tax exemption was there. But Now in GST this will also be taxable..
samriti
(article)
(107 Points)
Replied 18 June 2017
@ 18% and contractors also cannot opt for composition scheme
samriti
(article)
(107 Points)
Replied 18 June 2017
/articles/impact-of-gst-on-works-contract--30199.asp?utm_source=newsletter&utm_content=article&utm_medium=email&utm_campaign=nl_hg3_24_2017
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