Hi is the service provided by Gst registrated labour contractor for construction of multiple individual villas in a project is exempt and whether is the registrated labour contractor under gst cost to builder covers under 80% cost of builder as per gst law
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Gst on pure labour contract and 80% criteria
Replies (1)
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Are you an individual building a home for yourself? If you hire a contractor for a pure labour contract for a single house, it is generally exempt (0%). You do not need to worry about the 80% rule.
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Are you a developer building a project for sale? If you are a developer, you must comply with the 80% procurement rule if you want to avail of the concessional 1% or 5% GST rates on the units you sell.
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