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TMI Bloggst for small work contractorsX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 completion , 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 municipali ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties , 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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his 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 - gst for small work contractors - Query Started By: - vikram bindra Dated:- 7-12-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - 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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