TaxTMI 
TaxTMI 
gst for small work contractors
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....st for small work contractors<br> Query (Issue) Started By: - vikram bindra Dated:- 7-12-2017 Last Reply Date:- 8-12-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>hi i am a small businessman with annual turnover abt 20 lacs , iam into installation of fountains , which includes complete fitting on turnkey basis, it includes providing of material and labour watever required for comple....
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....tion , what are my tax laibilities, my materials include electrical panel , pumps , sanitary fiitings lights, electrical and so on i work for local bodies too i mean municipalities , besides private small contracts these contracts may be in different states Reply By ANITA BHADRA: The Reply: Dear Sir Your work will be considered as work contract and you need to register as a normal registered....
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.... person u/s 22 of GST Act .Since work contract is treated as service you can not opt for composition scheme Works contract is a mixture of goods and services but it is neither a composite supply nor a mixed supply as it has been defined as per Sec. 2(119) of CGST Act Schedule II ( Entry 6(a)) which states that such composite supplies which includes labour and material both shall be treated as a ....
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....supply of services namely:-Works contract under S. 2(119)" Regards Reply By vikram bindra: The Reply: Thanks Anita ji for your reply , so thr is no need fr having multiple GST nos , right ? rate of tax 18% for private and 12% for govt contracts ? besides if i purchase a material from other state and have small contract in that particular state can i avail input credit , for example if i have ....
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....private contract of 1 lac in other state jammu and i purchase piping to be used in this for jammu , can i get input credit for this , in addition to this i will have to send some other material too from my parent state HP to jammu., my purchase is mostly interstate. thanks n warm rgds<br> Discussion Forum - Knowledge Sharing ....