RCM on Real Estate transactions
This query is : Resolved
02 July 2024
Dear Experts,
As per the notification requirement Promoter is required to purchase at least 80% of inputs and input services from registered person.
Promoter is making labour payments for constructions, paint, carpenter will that be included or excluded in above 80%?
As per the notification requirement Promoter is required to purchase at least 80% of inputs and input services from registered person.
Promoter is making labour payments for constructions, paint, carpenter will that be included or excluded in above 80%?
02 July 2024
Paint to be included and labour payments including carpenter may be considered under 20%.
05 July 2024
In Real estate construction most of the labour payments are non gst holders, how to find solution for this or paying 18% is the only solution ?
05 July 2024
Paying 18% within 80% is the solution.
Claim ITC.
Claim ITC.
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