GST slab rate on sale or purchase of Composite supply of Works contract

 

GST scheduled rate on Composite supply of Works contract business

 

What is the present GST rate tariff on Composite supply of Works contract? How much GST tax payable on Composite supply of Works contract? Present Indian GST charges on Composite supply of Works contract?

 

GST slab rate on sale or purchase of Composite supply of Works contract

The below information details about GST scheduled rate on Composite supply of Works contract

 


The rate of GST on Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act fixed by GST council at the introduction of GST in July, 2017 is 18% with full ITC from 11th June 2017

 


27A Services by way of right to admission to exhibition of cinematographic films where the consideration for admission is Rs. 100 or less.

18% with Full ITC





Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

 

 

 

This detail about GST rate tariff on Composite supply of Works contract is only for information. The validity of above information and amendments about GST rate on Composite supply of Works contract may be verified before any business dealing.

 

I hope, this article can enlighten you on basic idea on GST scheduled rate on Composite supply of Works contract. You can express your views on GST scheduled rate on Composite supply of Works contract. Share your views about GST impact on Composite supply of Works contract business industry.

 

 

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Comments


vilas Dingankar : Dear sir We are MEP Contractor we going to done billng under work contract. so we dont have idea which HSN Code Required for Contract bill. can you help me

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