{"id":19589,"date":"2022-11-15T11:38:46","date_gmt":"2022-11-15T11:38:46","guid":{"rendered":"http:\/\/34.100.199.175\/?page_id=19589"},"modified":"2023-07-21T13:36:23","modified_gmt":"2023-07-21T13:36:23","slug":"works-contract-under-gst","status":"publish","type":"page","link":"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/works-contract-under-gst\/","title":{"rendered":"Works Contract Under GST"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<\/p>\n<h1 class=\"zox-post-title left entry-title\" style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Works_Contract_Under_GST\"><\/span>Works Contract Under GST<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-what-is-a-works-contract\"><span class=\"ez-toc-section\" id=\"What_is_a_Works_Contract\"><\/span>What is a Works Contract?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As per the U\/S 2(119) of the <a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/cgst-act\/\"><strong>CGST Act<\/strong><\/a>, a \u201cwork contract\u201d is a contract for the building works, construction, production, completion, installation, setup, improvement, modification, maintenance, repairs, restoration, alteration, or designing of any immovable property in which the implement specifies the change of ownership in goods and services. Thus, the\u00a0works contract under GST\u00a0is relevant to fourteen different types of contracts involving immovable property.<\/p>\n<p>The term \u201cworks contract under GST\u201d means any work done on either fixed or movable property, as defined by the <a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/\">Goods and Services Tax (GST)<\/a> Law. According to Section 6(a) of the Second Schedule of the CGST Act, a works contract is a \u201cSupply.\u201d As a result, GST has a clear distinction between works contracts and GST on supplies of services. It is essentially a composite supply of goods and services, with the service component predominating in the contractual agreement.[\/vc_column_text][vc_row_inner][vc_column_inner][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-38799094' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-38799094' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_693714968890 = function(){ai_insert_viewport_code ('ai-insert-15-38799094');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_693714968890 (); else document.addEventListener ('DOMContentLoaded', ai_run_693714968890);\n<\/script>\n<br \/>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 id=\"h-works-contract-under-gst-in-india\"><span class=\"ez-toc-section\" id=\"Works_Contract_under_GST_in_India\"><\/span>Works Contract under GST in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under GST laws, the concept \u201cWorks Contract\u201d has been limited to all \u201cimmovable property\u201d works compared to other existing VAT and Service Tax regulations. Work contracts have also been taken into consideration for moveable properties.[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-input-tax-credit-itc-for-works-contract-under-gst\"><span class=\"ez-toc-section\" id=\"Input_Tax_Credit_ITC_for_Works_Contract_under_GST\"><\/span>Input Tax Credit (ITC) for Works Contract under GST<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As per the U\/S 17(5)(c) of the CGST Act, the <strong>input tax credit<\/strong> (ITC) for works contract amenities and facilities is provided for the development of any immovable property except for equipment and machinery, excluding all the input service for further supply of GST contract works service. Any input tax credit (ITC) for contract services is thus feasible for an individual in the same business sector as the recipient and utilizes the services received for providing additional work services.[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-maintaining-records-for-gst-applicable-works-contracts\"><span class=\"ez-toc-section\" id=\"Maintaining_Records_for_GST-Applicable_Works_Contracts\"><\/span>Maintaining Records for GST-Applicable Works Contracts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under Rule 56(14) of the CGST Rules, each registered person executing the\u00a0works contract under GST\u00a0must have completely separate works contract accounts showing the following information:<\/p>\n<ul>\n<li>The address and name of the individual on whose behalf the work contract is being carried out;<\/li>\n<li>Justification, value, and amount of goods or services received in connection with the performance of the works contract;<\/li>\n<li>The description, value, and volume of products or services used in the performance of the contract\u2019s work;<\/li>\n<li>The specifics of each payment received in connection with a Works contract;<\/li>\n<li>The address and name of the supplier from whom the goods or services were obtained;<\/li>\n<li>Under the GST regime, the location of supply falls under the category of works contracts.<\/li>\n<li>The <strong>place of supply<\/strong>, as per the GST law, should be immovable property. As per Section 12(3) of the <a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/igst\/\">IGST Act<\/a>, both the supplier and addressee must be based in India. Location of supply should act as the location of immovable property.<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-40613373' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-40613373' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_410363337771 = function(){ai_insert_viewport_code ('ai-insert-15-40613373');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_410363337771 (); else document.addEventListener ('DOMContentLoaded', ai_run_410363337771);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-gst-valuation-of-works-contracts\"><span class=\"ez-toc-section\" id=\"GST_Valuation_of_Works_Contracts\"><\/span>GST Valuation of Works Contracts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The value of a works contract service is determined by the contract, which includes the transfer of ownership to a specified location. In the case of supplies of services and valuation of works contracts subject to GST that involve the transfer of property in the area or an undivided share, the value shall be as follows: \u2013<\/p>\n<ul>\n<li>The Value of a Supply of Both Services and Goods = the Total Amounts Paid for Such a Supply (-) the market value of a land share or an undivided land stock<\/li>\n<li>The total amount includes the consideration charged for this service and the price charged for the transferring property.<\/li>\n<li>The land should be valued at one-third of the entire value charged for these goods and services.<\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-under-the-gst-the-place-of-supply\"><span class=\"ez-toc-section\" id=\"Under_The_GST_the_Place_of_Supply\"><\/span>Under The GST, the Place of Supply:-<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Immovable property is associated and correlated with\u00a0works contract under GST. When both parties (the supplier and the recipient) are located in India, the location of the immovable property should be the place of supply. If the immovable property is located outside India and the supplier or recipient of the services and goods is situated in India, the supply will be the recipient\u2019s location. The supplier or receiver is based outside India; India\u2019s immovable property should be the supply location.[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-tds-applied-to-the-work-contract\"><span class=\"ez-toc-section\" id=\"TDS_Applied_to_the_Work_Contract\"><\/span>TDS Applied to the Work Contract<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/tds-on-gst\/\"><strong>TDS <\/strong><\/a>at a rate of 2% is mandated to be deducted from payments made to suppliers of taxable goods or services in cases where the contract value exceeds<span class=\"WebRupee\"> Rs. <\/span>2.5 lakh, and also in cases where a single supply is less than<span class=\"WebRupee\"> Rs. <\/span>2.5 lakh but the work contract is more than<span class=\"WebRupee\"> Rs. <\/span>2.5 lakh @2%.<\/p>\n<p>If there are inter-state sales, 1 percent TDS is required to be deducted under both CGST and <a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/sgst\/\"><strong>SGST<\/strong><\/a>, resulting in a total TDS of 2 percent. If there are inter-state sales, IGST will be levied, and TDS will be 2 percent.[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-45613934' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-45613934' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_933552396927 = function(){ai_insert_viewport_code ('ai-insert-15-45613934');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_933552396927 (); else document.addEventListener ('DOMContentLoaded', ai_run_933552396927);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<\/p>\n<h2 id=\"h-how-to-find-works-contract-rate-under-gst\"><span class=\"ez-toc-section\" id=\"How_to_find_Works_Contract_rate_under_GST\"><\/span>How to find Works Contract rate under GST<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>GST Council recommended in its 25th meeting held on 18 January 2018 to reduce the\u00a0works contract rate under GST\u00a0provided by subcontractors to the main contractor who provides works contract services to the Central and State Government, Union territory, local authorities, public authorities, or a Government Entity that are subject to the 12% GST rate.<\/p>\n<p>Under the current GST system, works contracts are levied at three different rates: 5%, 12%, and 18%. Initially, a GST rate of 18 percent was notified for works contract services. Various notifications have been issued announcing the various\u00a0works contract rate under GST\u00a0for different circumstances wherein work contract services are available.<\/p>\n<p>According to the GST council\u2019s recommendation on January 18, 2018, if a subcontractor provides works contract services to the main contractor, the main contractor provides works contract services to the Central and State Government, Union territories, a local government, a Govt. Jurisdiction, or a Government Entity, the main contractor\u2019s tax rate should be reduced to 12% from 18%, offered the main contractor delivers the works contract service.<\/p>\n<p>Likewise, if a works contract is subject to GST at a rate of 5%, the subcontractor\u2019s GST rate on these works contracts shall be 5% too.[\/vc_column_text][vc_column_text]<strong>Also Check:<\/strong><\/p>\n<table dir=\"ltr\" border=\"1\" width=\"821\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"154\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Billing Software with GST&quot;}\"><a href=\"https:\/\/mybillbook.in\/s\/\">Billing Software with GST<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Billing Software for Mac&quot;}\"><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-mac\/\">Billing Software for Mac<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Free Billing Software for PC&quot;}\">\n<div>\n<div><a href=\"https:\/\/mybillbook.in\/s\/free-billing-software\/\">Free Billing Software for PC<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-34297456' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-34297456' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_265599871570 = function(){ai_insert_viewport_code ('ai-insert-15-34297456');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_265599871570 (); else document.addEventListener ('DOMContentLoaded', ai_run_265599871570);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]\t\t<div class=\"wp-faq-schema-wrap\">\n\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<h3>What does \u201cimmovable property\u201d mean for a work contract?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>The immovable property is not discussed in the GST Law. Under Section 3(26) of the General Clause Act 1897, the concept of \u201cimmovable property\u201d shall be reproduced as \u201cimmovable property\u201d, including the land, property benefits, and things attached to the planet\u2019s surface or firmly fixed to anything that is associated to the earth.\u201d<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>What does a work contract represent?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p> Before introducing the GST, both provisions relating to the sale of services and those relating to the sale of goods were considered separately. Both taxes, namely Service Tax and Value Added Tax, were imposed on a single Works Contract transaction. The GST regime includes provisions for Composite and Mixed Supply.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>What is the difference between Composite and Mixed Supply?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Collection of multiple supplies tied together which are non-detachable are called composite. A primary supply is one of these. The tax rate on such composite supplies is the same as on the primary supply.<\/p>\n<p>The term \u201cMixed Supply\u201d means at least two different sources of services or goods and these are detachable as they are not bound together naturally. The tax rate on these supplies should be higher than that would apply to any of those supplies if they were sold at the same price.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>What are the GST Rates for Works Contracts?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Two GST rates have been established for services provided under a Works contract: 18% and 12 percent.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>Define Original Work?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>As specified in paragraph 2 (zs) of Notification 12\/2017 \u2013 Central Tax (Rate)<\/p>\n<p>The term \u201coriginal works\u201d refers to all new constructions.<\/p>\n<ol>\n<li>Any modification or additions on land that is required to be made feasible to abandoned or damaged structures;<\/li>\n<li>The establishment, commissioning, or installation, either pre-fabricated or otherwise of plants, equipment and machinery or structures;<\/li>\n<\/ol>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-88588643' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-88588643' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_339301711254 = function(){ai_insert_viewport_code ('ai-insert-15-88588643');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_339301711254 (); else document.addEventListener ('DOMContentLoaded', ai_run_339301711254);\n<\/script>\n<br \/>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_section][vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"[vc_row][vc_column][vc_column_text] Works Contract Under GST [\/vc_column_text][vc_column_text] What is a Works Contract? As per the U\/S 2(119) of the CGST Act, a \u201cwork contract\u201d is a contract for the building works, construction, production, completion, installation, setup, improvement, modification, maintenance, repairs, restoration, [...]","protected":false},"author":9,"featured_media":19592,"parent":19178,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Works Contract Under GST | myBillBook<\/title>\n<meta name=\"description\" content=\"Guide to GST Works Contract. 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