ITC in Work Contract
This query is : Resolved
Quick Summary
Himanshu Agarwal
(Querist)
07 August 2020
Mr X(GST registered) took a contract to build the house for Mr Y(Individual)
Mr X procures Cement etc which are taxable item.
1.Will MR X can take the ITC of all that product?
2.Rate of GST Charged to Mr Y would be 18% ?
Mr X procures Cement etc which are taxable item.
1.Will MR X can take the ITC of all that product?
2.Rate of GST Charged to Mr Y would be 18% ?
CA R SEETHARAMAN
(Expert)
07 August 2020
1 No ITC can be taken in such a case.
2 No GST applicable in case of such labour contract.
2 No GST applicable in case of such labour contract.
Himanshu Agarwal
(Querist)
07 August 2020
Thanks sir.
But contract to build house contain material as well as labour both..and lumpsum amount has been charged
But contract to build house contain material as well as labour both..and lumpsum amount has been charged
CA R SEETHARAMAN
(Expert)
07 August 2020
In such a case 18% GST applicable exclusive of land value.
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