Practical Accounts And Taxation
Note:Image should be of size 502px * 502px
Applicant is a supplier of materials and allied services for building of towers, testing and commissioning of transmission lines and setting up sub-stations collectively called Tower Package. This is entered into two contracts for supply of materials at ex-factory price, and for supply of allied services like survey and erection of towers, testing and commissioning of transmission lines etc. And wishes a ruling on whether he is liable to pay tax on freight bills, it is held that applicant supplies works contract service, of which freight and transportation is merely a component and not a separate and independent identity. GST is to be paid at 18 % on entire value of composite supply, including supply of materials, freight and transportation, erection, commissioning etc.
IBAInstitute of Business Applicationinquiry@ibajobs.co.inhttp://ibajobs.in/https://twitter.com/ibaTaxs