Gst act , rate, rule & calculations for works contract

13 September 2017
Hi CA club india team,

This is P.V.Bala Krishna i am an Sr.Accounts Executive at Apple Spire India LLP which is constructing residential apartments at Bangalore.

I have a query about gst rate , rules, & calculations for advance receipts against construction services. Can i get the solution for the above query please.

Karthik.V.Kulkarni (Expert)
13 September 2017
Sure, the solution to query is quite elaborate. Kindly mail your query to or call @ 8951210698.

In Short advance receipts are taxable as and when received and at the rate applicable to construction service.

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