Work contract under gst
Query (Issue) Started By: – satyanarayana korraprolu Dated:- 2-12-2017 Last Reply Date:- 5-12-2017 Goods and Services Tax – GST
Got 2 Replies
GST
Sir,
\nMy Client Operating Work Contract Business, We were register under GST and MSME and got licenses.
\nBusiness Activity : JCB Machinery Equipment Renting and leasing of Earth Works ,construction and civil-engineering Works.
\nWhile Register Under GST, We Choose Option SAC:00440410. We Charged GST Rate is 18%.
\nKindly Gudie us
\na) ITC is available for this work
\nb) GST Returns(GSTR-3B) Not Yet Prepared From Aug 2017 to Till date.
\nc) Business Operation Starting from Sep 2017.
\nd) TDS to be deducted on this Work.
\ne) GST Return(GSTR-3B,GSTR-1) Filling Process <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n and they will be treated as supply of goods since according to Section 7 (1) of CGST Act, 2017 "”supply” includes = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Work contract under gst Query (Issue) Started By: – satyanarayana korraprolu Dated:- 2-12-2017 Last Reply Date:- 5-12-2017 Goods and Services Tax – GSTGot 2 RepliesGSTSir, My Client Operating Work Contract Business, We were register under GST and MSME and got licenses. Business Activity : JCB Machinery Equipment Renting and leasing of Earth Works ,construction and … Continue reading “Work contract under gst”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9266","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9266"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9266\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n (a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business."
\nReply By Rakesh Sarswat:
\nThe Reply:
\nOnly construction and civil engineering works will fall under the definition of works contract whereas renting & leasing of JCB machinery shall amount to supply of service if you have just provided the right to use such goods but you have not transferred the title of such goods.
\nIts depend on an agreement for the leasing of JCB machine whether it is a<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n