Party is constructing buildings through E-commerce operator
TCS Received @ 1% and TDS also been deducted @ 1% under section 194-O
Need to know the GST Rate
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Replies (3)
Quick Summary
This discussion addresses GST rates for building construction, particularly when dealing with e-commerce operators. It highlights that TCS is received at 1% and TDS is deducted at 1% under section 194-O. The general GST rate mentioned is 12%, but it's stressed that the applicable rate depends on the building type, with varying credits and liabilities. Seeking a legal written opinion is recommended to prevent future disputes, especially for residential buildings.
Depends what type of building. Various rates and credit restrictions applicable, be careful which selecting GST liability. Legal written opinion for such transactions is suggested to avoid future disputes.