Transitional tax treatment: supplies under pre-existing contracts performed after transition are taxable under the new GST law. Supplies of goods or services made on or after the appointed day pursuant to contracts entered into prior to that date are taxable under the Act, with the ... Summary
Transitional tax treatment: supplies under pre-existing contracts performed after transition are taxable under the new GST law.
Supplies of goods or services made on or after the appointed day pursuant to contracts entered into prior to that date are taxable under the Act, with the same liability rule replicated under both the CGST and SGST frameworks for long term construction and works contracts.
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