GST: State allows contractors to escalate contract bill by 5% - News Summed Up

GST: State allows contractors to escalate contract bill by 5%


The civil and road contractors in Mahrashtra had refused to undertake new contracts and continue with the ongoing work because of the extra burden of GST and fluctuating prices of diesel and petrol. State’s public works department (PWD) on Monday issued the notification permitting contractors to submit the fresh bills with the variation of 5%. “We had asked our all district chief engineers to call the meeting with the representatives of contractors and assistant/joint commissioner of GST and decided the settlement procedure on claim on account burden due to GST. However, the contract work amount that can be either paid or recovered if work amount goes down. Nevertheless, the contractors who have undertaken the potholes repairing work cannot push their work limit more than year.


Source: dna October 24, 2017 02:48 UTC



Loading...
Loading...
  

Loading...