Tax issues on building contractors
This query is : Open
21 June 2011
Expers,
Pls tell vat, service tax and other allied issues applies to a building contractor and contractee who makes/sell residential or commercial property.
Pls tell vat, service tax and other allied issues applies to a building contractor and contractee who makes/sell residential or commercial property.
21 June 2011
If the capacity of the person constructing the building as per the written contract is 'a contractor', then works contract tax attracts as per the state VAT law and service tax attracts under section 65(105)(zzzza)under 'works contract service'.
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22 June 2011
also tell the same vat and service tax issue for the contractee who sells these property after construction by a contractor.
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