what is gst rate on construction of residential house (material & labour supplied by contractor) & wheather the itc will be available ?
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Gst on const. residential house
Replies (2)
18% GST rate is applicable on contractor works
Yes ITC is available
Yes ITC is available
On works contract service, GST @ 18% would be applicable. No ITC can be claimed by the house owner in respect of the construction of house, as such tax credits are ineligible u/s 17(5) of CGST Act. However, the works contractor can avail ITC on purchases.
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