https://www.taxtmi.com/article/detailed?id=9384 Under Section 15(2)(b) the taxable value must include amounts the supplier is liable to pay but which were incurred by the recipient and not included in the price; in works contracts the contractor must therefore add the cost of materials supplied by the contractee to the contract value and charge GST on the total. An advance ruling held that such contractees are government entities, the works contract attracts the standard works contract tax rate, and recoveries of cost recovered materials are not subject to reverse charge but must be included in the contractor's taxable value. en-us Tue, 28 Jul 2020 08:02:46 +0530 Tue, 28 Jul 2020 09:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9384 Under Section 15(2)(b) the taxable value must include amounts the supplier is liable to pay but which were incurred by the recipient and not included in the price; in works contracts the contractor must therefore add the cost of materials supplied by the contractee to the contract value and charge GST on the total. An advance ruling held that such contractees are government entities, the works contract attracts the standard works contract tax rate, and recoveries of cost recovered materials are not subject to reverse charge but must be included in the contractor's taxable value. Articles Goods and Services Tax - GST Tue, 28 Jul 2020 08:02:46 +0530 https://www.taxtmi.com/article/detailed?id=9384