work contract under composition tax rate?
JAYAPRAKASH K (28 Points)
04 July 2017
In case works contracts under composition what is the rate under GST ACT?
9 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 04 July 2017
Work contractors cannot opt for composition scheme.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 July 2017
Yes I agreed to Mr. Saloni....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178312 Points)
Replied 05 July 2017
| Originally posted by : RAJA P M | ||
 |
Yes I agreed to Mr. Saloni.... |  |
Raja Sir, Let her be she............ I too agree with HER........
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 July 2017
Dear Dhirajlal Sir.,
It's big mistake I know. But, it's occurred in my mobile dictionary. I typed Ms. but it's taken Mr. 😂😂😂
It's big mistake I know. But, it's occurred in my mobile dictionary. I typed Ms. but it's taken Mr. 😂😂😂
JAYAPRAKASH K
(28 Points)
Replied 05 July 2017
under composition work contract clause (b) of paragraph 6 of schedule II under rate of tax is 2.5%
6 is composite supply
a. work contract as defined in clause (119) of sec 2
as per sec 119 work contract is under composition,
work contract under composition tax rate 2.5% but not eligible claim input tax credit
sir please confirm.
6 is composite supply
a. work contract as defined in clause (119) of sec 2
as per sec 119 work contract is under composition,
work contract under composition tax rate 2.5% but not eligible claim input tax credit
sir please confirm.
SREENIVAS
(ACCOUNTS MANAGER)
(36 Points)
Replied 05 July 2017
Dear Jayaprakash Sir,
Composition scheme has permited for only small scale manufacturers and dealers those aggregate turnover less than 75 Lakhs and not for Service sector except Restaurant services.
GST Will be 18% for Works Contract Services (Construction Services) and ITC available.
Hema Gs
(114 Points)
Replied 05 July 2017
under GST composition is for supply of goods. works contractor is a supplier of services under GST. so also restaurateur is supplier of services. no service supplier is eligible for composition except restaurateur.
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