Clarification on service provided by Central Public Works Department (CPWD) to PSU Bank
This query is : Resolved
Naresh Kumar
(Querist)
17 June 2021
Please provide the guidance on the following:-
a. Whether payments to CPWD by PSU Bank for construction of building on design & Build basis (Turnkey basis) attracts GST under RCM.
b. If taxable under RCM, at what GST rate (there could be building materials attracting 12%, 28 % etc.) to be applicable .
c. If taxable under RCM, Whether advances paid to CPWD also attracts GST under RCM.
d. If taxable under RCM, Whether ITC available to Bank on GST paid under RCM, in light of Blocked Credit as per Section 17(5) of CGST.
e. If taxable under RCM, whether interest needs to be paid on earlier advance payments made to CPWD.
a. Whether payments to CPWD by PSU Bank for construction of building on design & Build basis (Turnkey basis) attracts GST under RCM.
b. If taxable under RCM, at what GST rate (there could be building materials attracting 12%, 28 % etc.) to be applicable .
c. If taxable under RCM, Whether advances paid to CPWD also attracts GST under RCM.
d. If taxable under RCM, Whether ITC available to Bank on GST paid under RCM, in light of Blocked Credit as per Section 17(5) of CGST.
e. If taxable under RCM, whether interest needs to be paid on earlier advance payments made to CPWD.
Dhirajlal Rambhia
(Expert)
05 December 2021
GST PAYABLE AT 12% UNDER RCM. ITC CAN BE CLAIMED.
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