Work contract under gst

[satyanarayana korraprolu]

Sir,

My Client Operating Work Contract Business, We were register under GST and MSME and got licenses.

Business Activity : JCB Machinery Equipment Renting and leasing of Earth Works ,construction and civil-engineering Works.

While Register Under GST, We Choose Option SAC:00440410. We Charged GST Rate is 18%.

Kindly Gudie us --

a) ITC is available for this work

b) GST Returns(GSTR-3B) Not Yet Prepared From Aug 2017 to Till date.

c) Business Operation Starting from Sep 2017.

d) TDS to be deducted on this Work.

e) GST Return(GSTR-3B,GSTR-1) Filling Process Flow .
 

AI Summary

GST Implications for Renting JCB Machinery: ITC Availability, Pending Returns, TDS Applicability, and Works Contract Clarification A query was raised regarding the GST implications for a business involved in renting and leasing JCB machinery and conducting earthworks, construction, and civil engineering. The business is registered under GST and MSME, with a GST rate of 18% applied. Key concerns include the availability of Input Tax Credit (ITC), pending GST returns since August 2017, and the applicability of TDS. Responses clarified that only construction and civil engineering works qualify as 'works contracts' under the CGST Act, while renting and leasing JCB machinery are treated as supply of goods or services, depending on the agreement.