Composite supply

Goods and Services Tax – Started By: – THYAGARAJAN KALYANASUNDARAM – Dated:- 1-8-2017 Last Replied Date:- 1-8-2017 – Dear expert, I would like know what is the rate of tax for contract under painting work. The paint is under 28% and the labour under 18%. Here which one is principal supply. Thanks in advance. – Reply By Kishan Barai – The Reply = Principal supply is paint for painting work, so 28% according to my view. – Reply By Vamsi Krishna – The Reply = Generally for composite tax cases, principal rate of tax only applies.Its better to enter works contract with the contractor where he will get paint and bill you. In such case 18% tax shall be levied.(I hope the painting is for construction activity,pls read Works contract definition) –

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Leave a Reply