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TMI BlogInclusion of Free issue material in Works contract valueX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All Experts, Kindly throw your valuable opinion on whether value of Free cost material should be included in works contract value for the purpose of charging GST - Reply By Himansu Sekhar - The Reply = Please refer to Sec 15(20(b) of CGST act,2017 . The value of free cost materials is includible in the WCS. - Reply By KASTURI SETHI - The Reply = I agree with the view of Sh.Himansu Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... khar Ji. Section 15(2) (b) of CGST Act. - Reply By Ganeshan Kalyani - The Reply = Yes , value of material issued free of cost to the contractor to incorporate it into the construction work to be added to consideration. - Reply By Ganeshan Kalyani - The Reply = In service tax the Rule stated to include value of free material issued free of cost to the contractor to incorporate it into co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nstruction work. But the Act was not clear to state that it should form part of consideration. Hence there was so many issue. So many case in favour of assesses were passed. And equal number of cases were passed against the assesses. - Reply By Ganeshan Kalyani - The Reply = In GST it is clearly given in the Act that the value of free issue material to be included in consideration to offer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to tax. - Reply By JSW CEMENT LIMITED - The Reply = Thanks for your opinion. I was also of the same opinion and wanted to have others opinion also. Thanks once again. - Reply By vishal sharma - The Reply = Dear All it will Depend upon the wording of the contract entered between the contractor and the contractee. If the wording says that every thing will be supplied by Contractor if that be th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e case then it will be added and taxable as supplies. But if the wording in contract is clear as to what the contractee will supply and what contractor will supply then the material; supplied by Contractee FOC for executing the contract will not be held part of consideration and gst will not be applicable. - Inclusion of Free issue material in Works contract value - Query Started By: - JSW CEME ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NT LIMITED Dated:- 10-10-2017 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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