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Gst on builders
when builder developer sell property before completion certificate received then gst will be charged but whether such builder can take input tax credit on material consume for construction of such property.
Replies (3)
if builder , while marketing shows that the building is completed and ready to move, even 8/9 families are living there , but on paper he shows the building is ongoing project in this situation is GST is applicable ?
@ Saurabh Madan : Yes , he can claim ITC
si
Sir
I donot know why there is quary about builders
it is also works contract may chrge 18%
no need of builder or construction or labour contract
it may come in one head
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