Gst on construction of buildings and residential complex

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Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2018 SIR,What is the rate of GST on flats & villas?can builders take input of their purchases and services used?can they take input on works contract also?

CA Suresh Jain

CA Suresh Jain (Expert)
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01 January 2018 Following services attract 18% GST with full ITC
(i) Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.
(Provisions of paragraph 2 of this notification shall apply for valuation of this service)
(ii) composite supply of works contract as defined in clause 119 of section 2 of Central Goods and Services Tax Act, 2017.
Where above services are supplied to the Central Government, State Government, Union territory, a local authority, a Governmental Authority or a Government Entity for the work specified in notification, shall attract 12% GST

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