GST ON CONTRACT FOR CONSTRUCTION OF RESIDANCE AND COMMERCIAL HOUSE
This query is : Resolved
03 February 2023
WHAT ARE THE APPLICABLE RATES ON CONTRACT FOR CONSTRUCTION OF RESIDANCE AND COMMERCIAL HOUSE
OR IS THERE ANY EXEMPTION ?
OR IS THERE ANY EXEMPTION ?
03 February 2023
In general, 18% under works contract.
Also, for affordable housing just 1% or 5% depending upon area of construction.
While NOTIFICATION NO 12/2017 DTD 28/06/2017 WHICH STATES THAT THE PURE LABOUR CONTRACT OF SINGLE RESIDENTIAL HOUSE IS EXEMPTED FROM GST !!
Also, for affordable housing just 1% or 5% depending upon area of construction.
While NOTIFICATION NO 12/2017 DTD 28/06/2017 WHICH STATES THAT THE PURE LABOUR CONTRACT OF SINGLE RESIDENTIAL HOUSE IS EXEMPTED FROM GST !!
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04 February 2023
CONTRACT INCLUDES MATERIAL AS WELL AND IS FOR IMPROVMENT IN BUGLOW THEN ?
04 February 2023
In general, 12%, unless categorized under affordable housing scheme.
05 February 2023
Rates will differ according to the project category. For example rates for commercial apartments in RREP and REP are different and they are also different for purely commercial projects. Availment of ITC will also depend on the nature of project
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