Govt to draw 18% GST on work contract services from Jan 2022

The government has issued a notification on November 18 that government authorities will draw 18% GST on work contract services from January 2022. The rise will directly revise the cost of major infrastructure projects and is likely to create a dispute between contractors and the government over the payment of bills as per the revised increased rates. The increase in GST is by 6 per cent; previous…