About this document
Understanding Works Contracts under GST by akshayjain93 is a document available to read on EtoBox.
1) A works contract is a contract for construction, fabrication, or installation related to immovable property that involves both goods and services. Under GST, works contracts only apply to immovable property. 2) For GST, works contracts are treated as a supply of services. Input tax credit can only be claimed by those providing further works contract services. 3) Record keeping requirements for works contracts include separate accounts showing details of the contract, goods/services received and used,
- Author
- akshayjain93
- Language
- EN