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What will be the treatment in case of ongoing Works contracts, where Price is exclusive of Tax?

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What will be the treatment in case of ongoing Works contracts, where Price is exclusive of Tax?
posted Dec 27, 2017 by Ananya Saha

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1 Answer

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We understand that, where Service Provider had quoted Service Tax and CST/VAT extra as per the earlier laws and work order had been issued accordingly. Contract has not been completed
After appointment date, the supplier has to issue invoice as per the GST law and GST will be charged on Basic price. As the Taxes are extra, no hurdle will be arising in this case as basic Price is constant.

answer Dec 28, 2017 by Adina Jain
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