Deduction of Tax at Source (TDS) in respect of works contractors and suppliers regarding.

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.... interpretation of above referred circular in respect of rate of tax under GST on works contract. Therefore, for the purpose of uniformity in the implementation of the Act, following issues are being clarified hereunder: Under GST, a works contract is considered as composite supply, however, it is deemed to be a supply of services by virtue of entry 6(a) of Schedule II of the Assam GST Act, 2017. The effective rate of tax for a works contract shall be either 12% or 18% as the case may be. However, irrespective of such rate of tax, the applicable rate for deduction of tax at source (TDS) shall be: SGST @ 1% and CGST @ 1% in case of intra-State supply or IGST@ 2% in case of inter-State supply. For the sake of convenience, the rele....

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....al Sites and Remains Act, 1958 (24 of 1958); (b) canal, dam or other irrigation works; (c) pipeline, conduit or plant for (i) water supply (ii) water treatment, or (iii) sewerage treatment or disposal. 6 6 12 (iv) Composite supply of works contract as defined in clause (119) of section 2 of the Assam Goods and Services Tax Act, 2017, supplied by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of,- (a) a road, bridge, tunnel, or terminal for road transportation for use by general public; (b) a civil structure or any other original works pertaining to a scheme under Jawaharlal Nehru National Urban Renewal Mission....

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.... by the competent authority under- (1) the "Affordable Housing in Partnership" component or the Housing for All (Urban) Mission / Pradhan Mantri Awas Yojana; (2) any housing scheme of a State Government; (e) post-harvest storage infrastructure for agricultural produce including a cold storage for such purposes; or (f) mechanised food grain handling system, machinery or equipment for units processing agricultural produce as food stuff excluding alcoholic beverages.         6         6         12 (vi) Construction services other than (i), (ii), (iii), (iv) and (v) above. 9 9 18 Paragraph 2....