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BONUS/INCENTIVE RECEIVED ON SUCCESSFUL COMPLETION OF WORKS CONTRACT SERVICE 1. WHETHER BONUS/INCENTIVE RECEIVED IS COVERED BY THE PROVISIONS OF GST ACT? 2. WHETHER GST IS LEVIABLE ON BONUS/INCENTIVE AMOUNT RECEIVED? PLEASE REPLY

BONUS/INCENTIVE RECEIVED ON SUCCESSFUL COMPLETION OF WORKS CONTRACT SERVICE 1. WHETHER BONUS/INCENTIVE RECEIVED IS COVERED BY THE PROVISIONS OF GST ACT? 2. WHETHER GST IS LEVIABLE ON BONUS/INCENTIVE AMOUNT RECEIVED? PLEASE REPLY

Reply—Bonus or incentive is nothing but value of supply and will be taxable under works contract service.

Posted Date: Jan 22, 2021
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