Gst for builders

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MBA
36 Points Joined August 2015

Hi. I am a residence/commercial Builder by profession. Currently, on the builder services (with material) I charge 6% service tax and 14.3% on 70% VAT from my clients in Punjab. My construction is for other people. I do not own any property on which I am doing construction.

How will this change under GST?

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On 28 June 2017 at 16:01 Report
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SEO Sai Gr. Hosp.
209409 Points Joined July 2016

Now onwards you will be charging only 12% GST. ......No VAT or Service TAX.

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On 28 June 2017 at 16:58
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MBA
36 Points Joined August 2015
Thanks for your reply.
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On 28 June 2017 at 17:37
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SEO Sai Gr. Hosp.
209409 Points Joined July 2016

Welcome....

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On 28 June 2017 at 17:48
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MBA
36 Points Joined August 2015
Also, input tax credit would be applicable for each and every related purchase?
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On 28 June 2017 at 18:29
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21 Points Joined March 2016
yes we can claim input tax credit
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On 29 June 2017 at 08:44
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21 Points Joined March 2016
but till now input tax in VAT on work in progress i
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On 29 June 2017 at 08:45
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21 Points Joined March 2016
I don't know how they adjust the VAT on Work in progress
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On 29 June 2017 at 08:45


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