30 January 2021
Sir Hope you are safe. My client has got a contract for building a property. Whether he has to show as business profit or..? What are the things to be kept in mind. Can he do the business from his personal/individual account . Whether GST applicable? if yes then how he will deposit the same at what rate. Kindly advise. Regards
11 October 2021
It will be a business activity. Better to open current account in the name of firm. Yes, GST will be applicable. at 12% under works contract..
CAclubindia
