My company's Work is construction and it takes labor from an unregistered contractor then company will have to deposit reverse charge tax
please suggest and pls metion notification no
Thanks advance
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Quick Summary
This discussion addresses the requirement for construction companies to deposit reverse charge tax (RCM) when engaging labour from unregistered contractors. The example provided involves a road construction project where labour costs range from £1,000,000 to £2,000,000, necessitating RCM compliance. Further clarification on the nature and value of the work contract is sought to provide specific guidance and relevant notification numbers.