works contract

What is works contract and how to make agreement for it?

Goods and Services Tax - Works Contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration, or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execu...

GST rate on Works Contract Services & RCM on GTA/residential dwelling units

Goods and Services Tax - GST rate on Works Contract Services with effect from 18th July, 2022 along with Changed Provisions pertaining to RCM on GTA and Provisions relating to RCM on residential dwelling units WORK CONTRACT SERVICES w.e.f. 18.07.2022 vide notification no. 03/2022-Central Tax (rate) dated 13.07.2022. Sl. No. Chapter, Section or Heading Description...

GST on Works Contract

Goods and Services Tax - Under GST laws, the definition of ‘Works Contract’ has been restricted to any work undertaken for an ‘Immovable Property‘ unlike the existing VAT and Service Tax provisions where works contracts for movable properties were also considered. The Works Contracts has been defined in Section 2(119) of the CGST Act, 2017...

Work Contract under GST In Simple Way

Goods and Services Tax - As per Para 6 (a) of Schedule II to the CGST Act, 2017, works contracts as defined in section 2(119) of the CGST Act, 2017 shall be treated as a supply of services. Thus, there is a clear demarcation of a works contract as a supply of service under GST. As per section 17(5) (c) of the CGST Act, 2017, input tax credit shall not be availab...

Situs of Goods or accretion of goods in works contract whether relevant to determine nature of Supply in case of Works Contract

Goods and Services Tax - Situs of Goods or accretion of goods in works contract whether relevant to determine the nature of Supply in case of Works Contract Introduction Though GST is destination based tax but In works contract, it is important to determine the point of origin from where supply is made. The point of origin shall not only […]...

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Question of whether Transactions constitute Works Contracts or Sales cannot be undertaken in Writ Jurisdiction: Madras HC relegates to Appellate Authority

Orchid Designs Pvt Ltd. Vs Commissioner of Commercial Taxes (Madras High Court) - Since the question of whether the transactions in issue constitute works contracts or sales would involve an examination of the contracts as well as various other factual particulars and such an exercise cannot be undertaken in writ jurisdiction....

‘Works Contract’ for fitting out any movable property into patient’s body in course of medical procedure was liable for VAT

MIOT Hospitals Ltd Vs State of Tamil Nadu (Madras High Court) - Works contract for fitting out or implanting of prosthetics into the physiology or the body of the patient for alleviation of pain or for improvement of the life of the patient in the course of medical/surgical procedure could be construed as 'works contract' liable for VAT under the provisions of...

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Recent Posts in "works contract" | Total 13 Posts

Question of whether Transactions constitute Works Contracts or Sales cannot be undertaken in Writ Jurisdiction: Madras HC relegates to Appellate Authority

Orchid Designs Pvt Ltd. Vs Commissioner of Commercial Taxes (Madras High Court) -

Since the question of whether the transactions in issue constitute works contracts or sales would involve an examination of the contracts as well as various other factual particulars and such an exercise cannot be undertaken in writ jurisdiction....

Posted Under: Goods and Services Tax | Judiciary | All High Courts, Madras High Court

What is works contract and how to make agreement for it?

Works Contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration, or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execu...

Posted Under: Goods and Services Tax | Articles

GST rate on Works Contract Services & RCM on GTA/residential dwelling units

GST rate on Works Contract Services with effect from 18th July, 2022 along with Changed Provisions pertaining to RCM on GTA and Provisions relating to RCM on residential dwelling units WORK CONTRACT SERVICES w.e.f. 18.07.2022 vide notification no. 03/2022-Central Tax (rate) dated 13.07.2022. Sl. No. Chapter, Section or Heading Description...

Posted Under: Goods and Services Tax | Articles

GST on Works Contract

Under GST laws, the definition of ‘Works Contract’ has been restricted to any work undertaken for an ‘Immovable Property‘ unlike the existing VAT and Service Tax provisions where works contracts for movable properties were also considered. The Works Contracts has been defined in Section 2(119) of the CGST Act, 2017...

Posted Under: Goods and Services Tax | Articles

Work Contract under GST In Simple Way

As per Para 6 (a) of Schedule II to the CGST Act, 2017, works contracts as defined in section 2(119) of the CGST Act, 2017 shall be treated as a supply of services. Thus, there is a clear demarcation of a works contract as a supply of service under GST. As per section 17(5) (c) of the CGST Act, 2017, input tax credit shall not be availab...

Posted Under: Goods and Services Tax | Articles

Situs of Goods or accretion of goods in works contract whether relevant to determine nature of Supply in case of Works Contract

Situs of Goods or accretion of goods in works contract whether relevant to determine the nature of Supply in case of Works Contract Introduction Though GST is destination based tax but In works contract, it is important to determine the point of origin from where supply is made. The point of origin shall not only […]...

Posted Under: Goods and Services Tax | Articles

Works Contract Services under GST-Detailed Analysis

This article contains following concepts in regard of Works Contract under GST- What is Works Contract, What is immovable Property for the purpose of Works Contract, Whether Works Contract Supply is a Supply of Service or Supply of Goods or both, Input Tax Credit provisions for Works Contract...

Posted Under: Goods and Services Tax | Articles, Trending

‘Works Contract’ for fitting out any movable property into patient’s body in course of medical procedure was liable for VAT

MIOT Hospitals Ltd Vs State of Tamil Nadu (Madras High Court) -

Works contract for fitting out or implanting of prosthetics into the physiology or the body of the patient for alleviation of pain or for improvement of the life of the patient in the course of medical/surgical procedure could be construed as 'works contract' liable for VAT under the provisions of the Tamil Nadu Value Added Tax Act, 2...

Posted Under: Goods and Services Tax | Judiciary | All High Courts, Madras High Court

Work Contract- A critical analysis under GST

In GST regime, this debate or confusion on taxability of Work Contract has been removed and now been declared as a supply of service as mentioned in Schedule II to the CGST Act, 2017....

Posted Under: Goods and Services Tax | Articles

Works contracts under GST

What is works contract? In simple words works contract is a contract of service which may also involve supply of goods in execution of the contract. With a service part of contract being basis, works contract is basically a composite supply of both services & goods. The term Works Contracts has been defined in Section […]...

Posted Under: Goods and Services Tax | Articles