Inclusion of Free issue material in Works contract value
Query (Issue) Started By: – JSW CEMENT LIMITED Dated:- 10-10-2017 Last Reply Date:- 11-10-2017 Goods and Services Tax – GST
Got 7 Replies
GST
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 Sekhar 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 incorp
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