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20 May, 2017

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18% GST ON WORKS CONTRACT WITH INPUT TAX CREDIT ALLOWED

18% GST ON WORKS CONTRACT WITH INPUT TAX CREDIT ALLOWED

The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law.

Learn How GST Applies on Works Contract Video in Hindi with CA Ankit Gulgulia (Jain) in a 5 Minute 10 Seconds  (Note the Same is Our Premium Content. Access Fee is Rs 149/- Only)


ENTRY NO 27 :- Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act 

Tax Rate :- 18%   With Full ITC

CA Ankit Gulgulia (Jain) | ankitgulgulia@gmail.com | 

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