https://www.taxtmi.com/forum/issue?id=112486 Tax treatment of a painting contract depends on whether it is a works contract for immovable property or a composite supply. If a works contract applies, the works-contract rate governs. If a composite supply applies, the rate of the principal supply governs the entire transaction. Structuring (e.g., contractor purchasing paint) can affect incidence, and mismatches between goods and service rates can cause non refundable input tax credit overflow, so precise classification and invoicing are necessary. en-us Tue, 01 Aug 2017 09:38:55 +0530 Thu, 23 Jan 2025 15:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112486 Tax treatment of a painting contract depends on whether it is a works contract for immovable property or a composite supply. If a works contract applies, the works-contract rate governs. If a composite supply applies, the rate of the principal supply governs the entire transaction. Structuring (e.g., contractor purchasing paint) can affect incidence, and mismatches between goods and service rates can cause non refundable input tax credit overflow, so precise classification and invoicing are necessary. Discussion-Forum GST Tue, 01 Aug 2017 09:38:55 +0530 https://www.taxtmi.com/forum/issue?id=112486