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    Works Contract or Mixed Supply

    Posted By : CS Shiriti / Published on : 10-Oct-2018 03:01 AM / View : 761 / Comment : 2

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    What is difference between Works Contract or Mixed Supply?
    Read more on : supply mixed contract works

    • A works contract is an agreement which is a mixture of service of labour and transfer of goods. Under a works contract, the contractor agrees to do certain job in execution whereof, certain goods are transferred to the contractee. Thus, an agreement of building construction, manufacture, processing, fabrication, erection, installation, repair or commissioning of any movable or immovable property, is a works contract. It is treated as Service under GST and Taxable at Standard Rate of 18% or at a Lower Rate of 12%.

      Whereas Mixed supply means two or more individual supplies of goods or services made in conjunction with each other for a single price. Since they are priced as one, they are taxed as one — at the rate of the item that draws the highest tax.

      13-10-2018 / 05:31:35 AM
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    • Thank you Devashish Bharti

      13-10-2018 / 05:35:38 AM
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