Contractor quoting for Govt Works Contract
Query (Issue) Started By: – MELVIN KOSHY Dated:- 24-8-2017 Last Reply Date:- 24-8-2017 Goods and Services Tax – GST
Got 1 Reply
GST
Assume a Contractor who is quoting for a Govt. Dept Work.
\n An illustration on arriving at final rate of an item by a Contractor for an item to be quoted in price bid is as follows
\n BASIC PRICE (A)
\n Subtract DISCOUNT (B)
\n Add TRANSPORTATION (C)
\n Add PROFIT (D)
\n Add GST at 18% on (A+B+C+D) = (E)
\n TOTAL (F<\/p>\n
= = = = = = = =<\/p>\n
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