The Government of Tripura on November 20, 2023, issued a notification regarding the standard operating procedure for the treatment of works contract-related issues during the transition from value-added tax to goods and services tax.
The following has been stated: -
•Goods and Services Tax (GST) was rolled out in the Country on July 01, 2017. Under the GST Law both the State and centre have been empowered to levy tax simultaneously against the supply of goods and / or services for intra-state supply - Central Goods and Tax (CGST) by the Central and State Goods Tax (SGST) by the State Government. In inter-state supply, only the central government is empowered to levy Integrated Goods and Services Tax (IGST).
•Work contracts have been defined in the Tripura Value Added Tax Act, 2004, and the Tripura Goods and Services Tax Act, 2017.
The detailed notification is given in the document attached below.
[Notification No.F.1-7(33)-TAX/2023]
