Dear All,
Suppose a contractor provides construction & repairing service of house and commercial buildings
He provides service in two ways .
1.Either provide lumpsum quote to client and he himself purchases material and provides labour then he is eligible to get input tax credit paid on materials like cement, bricks and steel etc.
2.if only provides only labour service to client and client himself makes the purchase then he is eligible for other input tax credit?
Rate of gst on construction service and suppose he provides service to registered in GST (B2B) then purchaser can cailm the input tax credit?
Kindly guide me and thanks ..
CAclubindia
