borewell drilling treatment

17 January 2019

whether borewell drilling is a fixed asset in construction site . I s gst applicable to bore well, if yes at what rate. please guide thank you

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3 Replies

Vinod Babu (24191 Points)
Replied 17 January 2019

If you are providing service, then gst applicable.
Do you have gst registration?
Also mention your nature of business.

Ujwala Tarate (39 Points)
Replied 17 January 2019

our client is BUILDER do what will be the effect in his books of accounts

Vinod Babu (24191 Points)
Replied 18 January 2019

Borewell services- 995434 gst @ 18%.
You are providing the borewell services or availing borewell services for your construction?

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