Regarding inputtax

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Anitha Rajesh (Querist)
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18 April 2019 We run a small construction company. We under take work on contract basis. We have the following queries

1. GST for Commercial & Industrial Buildings
2. GST for single dwelling
3. Can Input be claimed for the contract works done (by the company)
4. As the clients demand the ITC Claimed, how should the entry be made ?.
5. Can the Tax be claimed as input by the clients ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 April 2019 1 18% GST applicable on such construction ITC can be claimed on inputs.
2 Only in case of labour contract GST is exempt.
3 Yes.
4 Reduce ITC claimed in contract price.
5 If they are selling the building they can claim ITC.

Anitha Rajesh

Anitha Rajesh (Querist)
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19 April 2019 Sir, Is GST Exempted for Labour Contract for commercial and industrial Buildings ?.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 April 2019 Not exempted. Exempt only for single residential building.

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