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

Works contract classification determines whether construction or equipment leasing attracts GST and input tax credit implications.
Works contract involves construction type activities where transfer of property in goods is involved; leasing and renting of JCB machinery were distinguished as separate supplies, with one view treating them as supply of goods and another treating leasing as a supply of service when only right to use is granted-classification depends on contractual terms and whether title or property in goods transfers in execution.